Oil just dropped 43%, falling below $68.50 for the first time in four months.
It is now only $1 above its pre-war level, and that could be a big turning point.
Cheaper oil usually means lower transport and energy costs. That helps slow inflation, giving the Fed more room to cut interest rates if the trend continues.
Markets will now be watching the next inflation data closely. If oil stays low, this could become one of the biggest positive shifts for consumers, businesses, and investors in months.
It is now only $1 above its pre-war level, and that could be a big turning point.
Cheaper oil usually means lower transport and energy costs. That helps slow inflation, giving the Fed more room to cut interest rates if the trend continues.
Markets will now be watching the next inflation data closely. If oil stays low, this could become one of the biggest positive shifts for consumers, businesses, and investors in months.