Prices of domestic heavy crude oil appear to be going sideways, despite rising world oil prices. This trend has persisted for a few months, but there are still good reasons to believe that these heavy oil prices will rebound over the next few months. If our calculations are correct, this would provide a small boost to the economy this year worth as much as 0.3% of nominal GDP.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services