[MARKET UPDATE] Oil prices continue to climb with Brent crude back above USD 100/bbl and WTI breaching USD 95/bbl as oil disruptions continue due to ongoing conflict, which has spurred further downside in equities
Newsquawk Staff ·
Oil prices continue to climb with Brent crude back above USD 100/bbl and WTI breaching USD 95/bbl as oil disruptions continue due to ongoing conflict, which has spurred further downside in equities.
What it means
Oil prices are surging, with Brent crude surpassing $100 per barrel and WTI above $95, driven by ongoing disruptions from geopolitical conflicts. This strong upward momentum in crude is likely to exacerbate inflation concerns, potentially leading to further downside in equities as investors reassess growth outlooks amidst rising energy costs.
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