Oil’s waning disinflationary support raises inflation concerns

Oil’s role as a moderating force on inflation since mid-2024 may be fading as prices for Oil – Brent Crude and Oil – US Crude push higher. Stronger early-year economic momentum and escalating U.S.-Iran tensions are underpinning futures gains, raising the risk that energy could shift from disinflationary tailwind to renewed inflationary pressure.

Over the past month, Brent has advanced about 8.64%, while WTI is up roughly 8.24%, signaling a firm bullish trend that investors will watch for its macro impact. On a 1-day basis, technicals for Brent point to a Buy signal, and WTI likewise shows a Buy bias, suggesting near-term momentum remains positive despite higher inflation risks. Investors can explore more updates, prices, and analysis across global markets at Commodities.