Oil Price Volatility: A Double Edged Sword for Fashion's Bottom Line The recent decline in oil prices may seem like a welcome respite for consumers, but its implications for fashion's fragile supply chains are far from straightforward.
Brent crude futures dipped 0. 94% to $103. 83 per barrel and US West Texas Intermediate futures fell 0. 88% to $101. 01 per barrel, prompting investors to breathe a sigh of relief.
However, the situation is more complex than it initially appears. The ongoing conflict between Saudi Arabia and Yemen's Iran backed Houthis has been driving oil price volatility in recent weeks.