The monthly average crude-oil price — the World Bank's equal-weighted average of Brent, Dubai, and West Texas Intermediate.
Oil is a core input to growth and inflation expectations and a widely-watched macro barometer.
We show it as part of the macro backdrop — a condition to read alongside risk assets, not a price driver.
Descriptive context, not a forecast or a recommendation. We show conditions and let you draw the connection; we do not assert that this indicator moves any price.