Oil is getting dangerously close to $100 again
Crude has just hit its highest level in nearly 3 months, with Brent approaching $97/barrel
And the timing couldn't be worse
U.S. inflation is already sitting around 3.4%, while gasoline prices are up 24.6% YoY.
Now add surging oil prices, disrupted Gulf shipments, and record-high U.S. diesel prices
That's another inflation headache landing directly on the Fed's desk just days before its next rate decision
If oil breaks $100 and stays there, th...