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      Oil’s surge warns the worst could be ahead | MarketTalk: What’s up today?

      Posted: just now

      Global

      Oil prices continue to rise despite emergency measures — including strategic reserve releases from International Energy Agency members and US naval escorts for commercial vessels — crude prices remain elevated. Brent Crude briefly surged to $100 per barrel, while WTI approached $98, keeping energy markets under intense pressure. 

       

      The surge in oil prices is already feeding into global inflation fears, just as investors were hoping for interest-rate cuts from the Federal Reserve later this year. As such, today’s reaction to the US PCE read will likely be asymmetric and won’t reverse the dull outlook. 

       

      Watch the full episode to find out more! 

      Intro 

      1:00 Oil rally continues 

      2:48 Inflation expectation rise 

      5:13 Outlook remains dull 

      7:01 Today's PCE read will hardly reverse appetite

      Read more here...

      Image for Oil’s surge warns the worst could be ahead | MarketTalk: What’s up today?
      https://www.youtube.com/watch?v=pfMukBTuiyA
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