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Market Impact: 0.75

What smart people are saying about oil's latest spike to nearly $120 a barrel

Energy Markets & PricesCommodities & Raw MaterialsInflationTrade Policy & Supply ChainTransportation & LogisticsEconomic Data

Thursday's spike in oil and gas prices triggered warnings from energy experts that this may be the start of sustained energy-price shocks. They said further strength could cause shipping chaos, push up food inflation and produce severe economic pain, implying increased market volatility and a pronounced risk-off environment for portfolios.

Analysis

Thursday's spike in oil and gas prices triggered warnings from energy experts that this may be the start of sustained energy-price shocks. They said further strength could cause shipping chaos, push up food inflation and produce severe economic pain, implying increased market volatility and a pronounced risk-off environment for portfolios.

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Market Sentiment

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strongly negative

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