Oil Prices to Keep Pushing Inflation Higher, Ecb's Lane Says

Dow Jones14:59

0659 GMT - Oil prices could stay higher than prewar levels as energy firms and governments rebuild their inventories, European Central Bank Chief Economist Philip Lane says. Brent crude prices have fallen back to prewar levels in the last week. But demand for oil for restocking purposes could keep the oil price elevated and push inflation higher, Lane told Bloomberg on the sidelines of the ECB's forum at Sintra, Portugal. "From our point of view, it's very welcome that we see this decline in the price of oil. But in terms of the overall inflation impulse, the fact that we do have, maybe for a couple of years, oil prices above the prewar level, that essentially is a cost increasing impulse to the economy," he says. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

June 30, 2026 02:59 ET (06:59 GMT)

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But in terms of the overall inflation impulse, the fact that we do have, maybe for a couple of years, oil prices above the prewar level, that essentially is a cost increasing impulse to the economy,\" he says. 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(edward.frankl@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 30, 2026 02:59 ET (06:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBO","symbol_name":"原油ETF-PowerShares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2647580409","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647580409","pubTimestamp":1782802740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0659 GMT - Oil prices could stay higher than prewar levels as energy firms and governments rebuild their inventories, European Central Bank Chief Economist Philip Lane says. 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