Post #4939

🚨 THIS IS REALLY WORRISOME Dated Brent Oil has surged to $141/barrel, its highest level since the 2008 Financial Crisis. This is the price of actual physical oil and not futures or paper prices. This means the price is now higher than: - 2011 Oil price shock - 2014 Global oil shortage - 2022 Russia-Ukraine war How will this impact the markets? First of all, the price you pay to buy oil will go up. Also, the cost of transportation, farming, petrochemicals, etc. will go up, thus pushing inflation higher. And what happens when inflation goes up? The Fed tightens the economy, businesses do layoffs, and the entire economy goes into a downtrend. @odes_ai