Oil nears $100 again, raising inflation pressure for central banks
International crude is nearing $100 a barrel again, keeping energy prices tied to inflation and complicating central banks’ efforts to treat the shock as temporary.
By Adam Clark and Patrick O'Donnell Oil is the problem that just won't go away for markets. With international crude nearing $100 a barrel again, central banks have to deal with energy prices adding to inflation even when they'd prefer to regard it as a temporary shock. The apparent normalization of prices has been interrupted as crude moves back toward $100 a barrel.