WTI's Surge Above $100 Hits Consumers From Canada to Pakistan

WTI's climb past $100 per barrel is translating directly into consumer pain. Canada's annual inflation rose to 3.1% in September, with gasoline prices up 27.8% year-over-year and fuel oil surging 57.8%, the energy index overall climbing 19% as the Middle East conflict keeps crude elevated.

Pakistan's economy felt a sharper hit, with GDP growth slowing to just 2.0% in the June quarter, less than half the prior year's pace, as the Hormuz crisis disrupted LNG supply alongside soaring energy costs tied to the broader crude rally.

These macro ripple effects underscore how WTI's trajectory above $100 is no longer an abstract trading level but a measurable drag on real economies. Continued strength in WTI raises the stakes for central banks already battling import-driven inflation.