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Bank of America: The oil price will exceed $111 next year, which industries will it affect?

Rising oil prices will have a serious impact on the transportation industry and manufacturing industry. After all, both industries are inseparable from oil.

The oil problem has always troubled all countries, especially those with relatively scarce oil reserves. However, the international oil price is not static, and it will always be affected by various factors, which will lead to the rise of oil prices, which will hit all industries to varying degrees. American media said that the price of oil will exceed one hundred dollars.

Oil is the lifeblood of industry, and its importance to a country is self-evident. But nowadays, the dollar is linked to oil, so it can be said that the rise or fall of oil prices is inseparable from the dollar. However, the relevant financial departments in the United States claim that the price of oil will exceed $111 per barrel in the future, but the upper limit of oil per barrel is $71. The extra $31 is actually the Wall Street behind it to harvest the world's wealth, and the losses caused by rising oil prices can only be paid by the whole world. The transportation industry has been hit hard.

The rise in oil prices has certain impacts on various industries, among which I think the biggest impact should be transportation. Nowadays, transportation is all by means of transportation, but the normal work of transportation is inseparable from oil. If the price of oil rises, so will the cost of transportation. This has caused a great blow to the transportation industry, and the increase in transportation costs will also lead to an increase in product prices. It will cause inflation in society. The manufacturing industry will also be hit to some extent.

in addition to the transportation industry, the manufacturing industry will also be hit to a certain extent. In fact, there is a very close relationship between oil and manufacturing. It can be said that if the manufacturing industry leaves oil, then many commodities cannot be made. For example, the downstream enterprises of soap cars are inseparable from oil.