$100 Oil Reignites Inflation Fears for Central Banks
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Crude oil has extended its rally as the Middle East conflict widens and hopes for de-escalation fade, with global oil stockpiles continuing to shrink. U.S. diesel prices have jumped roughly 60% since late February, according to reporting cited by the Wall Street Journal.
The combination of tightening fuel supply and elevated crude prices is reviving inflation concerns just as recession risk chatter resurfaces. Commodity traders are now recalibrating expectations for how quickly central banks may need to respond to renewed price pressure.
With shrinking inventories and geopolitical risk showing no signs of easing, the path of least resistance for crude remains upward, keeping commodities markets firmly in focus for macro-driven positioning.