Daily Market Updates: Oil climbs back above $100 a barrel, reigniting inflation worries

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Oil climbs back above $100 a barrel, reigniting inflation worries

The move comes as major central banks are set to make key interest rate decisions later this month.

Reported · Written up by our desk · Energy

Oil prices rose above $100 a barrel on Wednesday for the first time in seven weeks, drawing renewed attention on Wall Street to the risk of a fresh inflation shock.

MarketWatch reports the jump is tied to concerns about global energy supply disruptions, which can feed through to consumer prices and expectations ahead of upcoming rate decisions by major central banks later this month.

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Sources

MarketWatchOil’s return above $100 a barrel puts inflation back at the center of Wall Street’s concerns

Commodities

Oil climbs back above $100 a barrel, reigniting inflation worries

More like this

Sources

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