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The Oil Market Just Keeps Tearing Up Draghi's Inflation Forecasts

A 1% inflation average next year may already be too much to hope for
Can Oil Companies Weather the Global Glut?

The oil market doesn’t seem to care about Mario Draghi’s inflation target.

Less than two weeks after the European Central Bank president unveiled a beefed-up stimulus program to push inflation back toward its 2 percent target, fresh falls in the price of crude may have already undermined his efforts. Analysts at Nomura International Plc and JPMorgan Chase & Co. say Draghi’s December forecast of 1 percent average inflation in 2016 may be too ambitious.