WTI crude jumped from roughly $65/bbl in February to $98.48/bbl on March 13 (~+51%), while Brent crossed $100/bbl for the first time in years as Iran conflict fears escalated. The move represents a material energy-price shock that is inflationary and risk-off for equities and emerging markets, supportive for oil producers/energy stocks, and likely to increase hedging activity and volatility in commodity futures markets.
WTI crude jumped from roughly $65/bbl in February to $98.48/bbl on March 13 (~+51%), while Brent crossed $100/bbl for the first time in years as Iran conflict fears escalated. The move represents a material energy-price shock that is inflationary and risk-off for equities and emerging markets, supportive for oil producers/energy stocks, and likely to increase hedging activity and volatility in commodity futures markets.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
