Russia's invasion of Ukraine has wide-ranging implications for the economy and financial markets. Oil's spike above $100 a barrel may exacerbate inflation and hurt economic growth. But expect no extra oil from OPEC+ when it meets on Wednesday.
The shift in the growth-inflation equation is a quandary for policymakers, though the Bank of Canada may not blink in delivering an interest rate rise.
So will the OPEC+ producers' group, meeting on Wednesday, revisit its strategy of increasing output targets by 400,000 barrels per day and provide additional crude? Actually, OPEC+ production has consistently been below target as some members struggle with capacity constraints.
France Dernières Nouvelles, France Actualités
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