Brent Crude Surpasses $100, Up 42% in 20 Days
Brent crude oil prices have officially broken above $100 per barrel, surging 42% over the past 20 days, as inflation expectations and interest rates rise sharply.
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Brent crude oil futures have crossed the $100 per barrel threshold, marking a sharp rally of 42% within the last 20 days. The milestone highlights renewed upward pressure in energy markets.
The surge comes amid rising inflation expectations, which in turn are driving a sharp increase in interest rate forecasts. Market participants are now pricing in more aggressive monetary tightening as the commodity rally feeds into broader price pressures.
Source: The Kobeissi Letter