macro
Oil Hits $99 as Supply Shock Goes Mechanical · Daily Briefing · Evening Edition
Brent closed Friday at the second-largest two-week spike since futures began trading. The Fed now faces a 1970s-style dilemma with no clean solution.
macro
Brent closed Friday at the second-largest two-week spike since futures began trading. The Fed now faces a 1970s-style dilemma with no clean solution.
macro
Brent closed just above $100 after the U.S. bombed Iran's largest oil export terminal. Markets barely flinched. Either the most sophisticated intervention in history is keeping prices calm, or we're about to learn what 20% of global oil transit disappearing actually costs.