Markets Brace for Inflation Data After Oil's Biggest Jump Since 2022

Financial markets are wracked with anxiety right now about the potential impact of the recent spike in oil prices on overall inflation. The price of Brent Crude, the international benchmark, soared to almost $120 per barrel -- the biggest jump since 2022 -- over the weekend before settling back a bit in recent days. Yet, as I write this on Wednesday morning, Brent is trading at about $91 a barrel, 28% higher than where it was just before the war began on Feb. 27. Will AI create the world's first trillion ...