Brent crude hit $100.19 a barrel on Wednesday, reaching its highest level since late July as intensifying Middle East hostilities heightened supply concerns Trinidadtribune.
Why it matters: The price surge is fueling inflation fears and driving expectations of potential interest rate hikes from major central banks Trinidadtribune.
- Global equity markets slumped as oil prices rose, with European stocks hitting one-week lows Trinidadtribune.