Oil prices compound inflation, impacting input costs at every system level . The oil price fell in 2024, hitting a long-term low in Q4, but has rebounded strongly. It was 17% off its lows in mid-January, indicated higher by price action and indicators, including moving averages, stochastics, and MACD. Trading near $78.25, the price of WTI aligns with the mid-point of a multiyear trading range...