Pantheon Macroeconomics - If Brent oil prices remain at their current $41 through the end of the second quarter--a big ask, we know, but you have to start with something--the average price of petroleum products imported into the U.S. will rise at an annualized rate of about 70% from their first quarter level.

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11 Mar. 2016 Brace for Volatility in the Trade Data as Oil Prices Swing

By Ian Shepherdson

If Brent oil prices remain at their current $41 through the end of the second quarter--a big ask, we know, but you have to start with something--the average price of petroleum products imported into the U.S. will rise at an annualized rate of about 70% from their first quarter level.

Posted: 11th Mar 2016 in 'U.S. Documents'

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