Brent Crude Nears 100 Dollars As Yen Climbs
Brent crude nears 100 dollars a barrel as Middle East tensions escalate and fuel global inflation worries. Meanwhile, the Japanese yen surges to seven-month highs against the dollar on growing rate hike expectations.
Xurve View
Insights:
Xurve View
Brent Crude Oil climbed toward $100 a barrel during Tuesday morning trading as escalating Middle East conflict fueled regional war fears. The milestone level has not been reached since late July, pressuring global risk assets. The surge threatens renewed inflation pressures just as major central banks prepare pivotal policy decisions.
