[ECB's Lane: Oil Prices Will Continue to Drive Inflation] Jin10 News, June 30 – European Central Bank Chief Economist Philip Lane stated that as energy companies and governments rebuild inventories, oil prices may remain above pre-war levels. Over the past week, Brent crude oil prices have fallen back to pre-war levels, but Lane mentioned during the ECB Forum that oil demand for inventory replenishment purposes could keep prices elevated and drive inflation. 'From our perspective, we very much welcome the decline in oil prices. However, in terms of overall inflationary pressures, oil prices may remain above pre-war levels for the next few years, which will essentially exert upward cost pressure on the economy,' he said.