Correlation: Oil, Inflation, GDP & Interest Rates

Crude Oil tends to lead inflation and interest rates.

On most occasions it also leads GDP too.

In the chart below;

WTI Crude Oil (blue)
U.S. Inflation (orange)
U.S.GDP (light blue)
U.S. 10 year bond yield (green)

March 23, 2023
by Rob Zdravevski
rob@karriasset.com.au