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Oil rises 20 percent today and 66 percent in a month, Jeremy Horpedahl says
Oil prices have climbed approximately 20 percent in trading today, adding to a 50 percent rise over the past week and 66 percent in the past month.
Jeremy Horpedahl notes that while some of this increase reflects seasonal patterns, oil is now up 60 percent compared to this time last year, a move he describes as mostly outside normal seasonality. He also observes an 86 percent gain in 2026.
The volatility observed in oil's recent surge mirrors broader economic patterns that often see key metrics move in tandem. These developments align with Jeremy Horpedahl's previous analysis on how median income typically tracks at 80 percent of mean income across different countries, emphasizing the close correlation between headline figures and underlying fundamentals.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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