Stocks Fall on Oil Price Jumps and Inflation Risks
Global stocks drifted lower as surging oil prices and Middle East conflicts heightened inflation worries. Investors braced for critical US and European central bank rate decisions.
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Global equities drifted lower during Monday morning trading as escalating Middle East conflict pushed Brent Crude Oil up 1.3% to $97.50 a barrel, heightening inflation concerns. The advance leaves crude 35% higher than levels recorded in late February. Investors are now positioning portfolios ahead of crucial consumer price data releases in the United States later in the week.
