Inflation & Consumer Impact - Sustained oil price increases could pressure inflation, potentially impacting gas prices and consumer spending [1] - Historically, oil price spikes often coincide with broader economic pressures, leading to a rollover in prices and growth [2] Oil Market Dynamics - The global oil supply environment currently favors downward price pressure [3] - Oil prices were already relatively low before potential increases [3] - The impact of a sustained increase may differ from events like the Russia-Ukraine situation in 2022, when oil prices were higher [3] Monetary Policy - Oil price increases could dent economic growth, potentially decelerating the labor market and prompting the Federal Reserve (Fed) to cut rates more quickly [2]