the price of crude oil.

the price of crude oil.

The United States seemed to have been controlling prices by managing crude oil prices since Yellen, the current Secretary of the Treasury, chaired the FRB. It seems that the United States has been actively utilized as it has the right to lead supply by increasing shale oil production.

Inflation was the key point in the 2024 presidential election. In the end, low-income people who experienced difficulties in living due to inflation turned to Trump, beating him in the election.

For this reason, price management was important. Since inflation reflects the year-on-year increase in crude oil prices, it is necessary to manage the current price compared to the oil price a year ago. For this reason, it can be said that the inflation rate was lowered by lowering the year-on-year increase rate, which was maintained high by sharply lowering the crude oil price from July to September.

Crude oil prices have been falling sharply from October to the second week of December 2023, which is calculated as the denominator of the increase in the cost of crude oil, which seems to have failed to raise crude prices, which have fallen since September, and kept them low.

However, since crude oil prices rose from the second week of December to early April 2023, crude oil prices are finally rising out of control, considering that the price burden is low even if oil prices rise due to rising denominators.

Meanwhile, Treasury Secretary Elon's term in office will also end when the Trump administration takes office, so the management method of controlling inflation from crude oil may no longer be developed. In that sense, oil prices are likely to rise while creating a trend.