Comments by "Caroline Collett" (@carolinecollett956) on "Energy Crisis: Rishi Sunak gives upfront discount on bills worth £200" video.

Oil price increases are generally thought to increase inflation and reduce economic growth. ... Oil price increases can also stifle the growth of the economy through their effect on the supply and demand for goods other than oil.
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@levi The current price of WTI crude oil as of January 31, 2022 is 88.15 per barrel. On 23 December 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2008 began. The price sharply rebounded after the crisis and rose to US$82 a barrel in 2009.
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@levi In a note to clients, Goldman Sachs analysts said they expect Brent crude to top $100 per barrel in the third quarter of 2022. Prices could climb as high as $105 within the first three months of 2023, according to their projections.
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