RISING OIL PRICES UNLIKELY TO SPUR INFLATION Oil gains from U.S. sanctions on Russia are unlikely to drive inflation, says Franklin Templeton’s Sonal Desai. Modest 4–6% oil increases have limited impact since services dominate consumer prices, she notes. While sustained energy costs could lift inflation, shifting Trump policies add uncertainty. September CPI data is due tomorrow; Desai expects a slight uptick. WTI is up 5%.(*Walter Bloomberg)