Oil's Brief Surge Above $100 Exposes Inflation Risk for Stocks

Oil's Brief Surge Above $100 Exposes Inflation Risk for Stocks

(Bloomberg) — Last week, Morgan Stanley said oil would need to remain over $100 a barrel to dislodge the bank’s bullish outlook for US stocks. Evercore ISI said crude priced between $93 and $97 would signal that equities are headed for a drop.

Oil’s surge above $100 highlights inflation risks for global markets

(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that the conflict in the Middle East could further disrupt global energy supplies. The spike came as tanker traffic through the Strait of Hormuz — a key chokepoint that normally carries about o…