🚨🇺🇸 Oil just punched back above $100, and Wall Street is feeling the heat...
Brent closed at $101.21 yesterday after U.S. strikes on Iranian tankers and Houthi attacks on Saudi Arabia gave traders another reason to worry about supply.
And pretty quickly, this becomes everyone else’s problem too.
U.S. gas is already averaging $4.22 a gallon.
Diesel? Record $5.94.
That feeds inflation, which makes cutting rates a whole lot harder.
Bond yields jumped, the S&P 500 fell 0.5%, and suddenly everyone’s watching the Middle East and the Fed at the same time.
Oil is basically squeezing the market from both sides now.
$VTHO | $SAGA | $ETHFI
#BREAKING #news #US #oil #GAS
Brent closed at $101.21 yesterday after U.S. strikes on Iranian tankers and Houthi attacks on Saudi Arabia gave traders another reason to worry about supply.
And pretty quickly, this becomes everyone else’s problem too.
U.S. gas is already averaging $4.22 a gallon.
Diesel? Record $5.94.
That feeds inflation, which makes cutting rates a whole lot harder.
Bond yields jumped, the S&P 500 fell 0.5%, and suddenly everyone’s watching the Middle East and the Fed at the same time.
Oil is basically squeezing the market from both sides now.
$VTHO | $SAGA | $ETHFI
#BREAKING #news #US #oil #GAS
