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Oil jumps above $100 a barrel, reigniting inflation worries

The rebound marks the first move above $100 in seven weeks, as central banks approach major interest rate decisions later this month.

Reported · Written up by our desk · Energy

Oil prices rose above $100 a barrel for the first time in seven weeks, according to MarketWatch.

The move is reviving concerns about potential global energy supply disruptions and a renewed inflationary shock.

The timing is especially sensitive for policymakers, with major central banks preparing to make key interest rate decisions later this month, MarketWatch said.

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