Oil is now cheaper than coffee, milk, and even water. No really! Oil which peaked close to $150 a barrel only a few years ago is now at around $35 a barrel. Prices of some commodities here like coffee have also dropped (at least in terms of raw product). We would assume oil is the most volatile product here and where it goes next is a fool’s game, but at least for now stock up on that oil.
Source for oil price image is Bloomberg.
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