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Oil hits five-month high as markets weigh inflation risks

SBS News Australia •
October 23, 2026 • 07:12 AM
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Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.

Oil hits five-month high as markets weigh inflation risks

Oil reached a five-month high near US$114 a barrel as the Australian sharemarket finished flat and the ASX 200 fell 0.1 per cent over the week. SBS Finance Editor Ricardo Gonçalves speaks with ANZ head of FX Strategy Mahjabeen Zaman about investor sentiment, bond yields, inflation, gold and the Australian dollar. The episode also explores Western Sydney International’s opening and the investment needed to support the region, with Professor Azadeh Dastyari of the Centre for Western Sydney at Western Sydney University.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money , and follow the show on the SBS Audio app , Apple Podcasts , Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube , TikTok , Instagram , Facebook and X .

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Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications
The Guardian
2d ago
Bank of England’s inflation response ‘risks higher interest rates for longer’

Bank of England’s inflation response ‘risks higher interest rates for longer’

Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy

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The Australian Financial Review (AFR)
2d ago
AI is an inflation problem, but that’s not a reason to stop it

AI is an inflation problem, but that’s not a reason to stop it

To limit the inflationary and interest rate impact, governments should be cutting unproductive spending to make space for the private sector’s AI splurge

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CNBC World
2d ago
Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.

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The Age
2d ago
Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

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CNN International
3h ago
Wholesale inflation rose in October to highest annual rate in nearly four years | CNN Business

Wholesale inflation rose in October to highest annual rate in nearly four years | CNN Business

The cost of doing business in the US is getting increasingly pricier: Wholesale-level inflation accelerated last month to its highest rate in nearly four years, Bureau of Labor Statistics data showed Friday.

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NPR News
9h ago
An inflation scare, workers get their fair share, and Nvidia’s billion-dollar affairs : The Indicator from Planet Money

An inflation scare, workers get their fair share, and Nvidia’s billion-dollar affairs : The Indicator from Planet Money

This week’s indicators: Inflation is disturbing, workers are getting their stolen wages back, and NVIDIA ex-CEO’s alleged affairs become a $465 billion business expense. (Woof!)Fact-checking by Tyler Jones.Your Next Listen –The tower of NVIDIA–Over 2,000 episodes in our archive on the NPR AppConnect with The Indicator from Planet Money–The Indicator newsletter — a weekly roundup of news, ideas and staff picks. –Instagram, TikTok and YouTube –Find the Planet Money book –Find the Planet Money game, Sell Me A Sasquatch, and other merch at the NPR Shop!Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org.

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