Charting the Global Economy: Oil Storms Higher on War Escalation [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Abu Dhabi suspended operations at its largest natural gas processing facility, while a drone attack caused a fire at Kuwait's Mina Al Ahmadi oil refinery, with a capacity of 346,000 barrels a day. On Thursday, oil rallied above $110 a barrel. Meanwhile, in the US, the monthly jobs report showed employment growth exceeded projections and the unemployment rate fell. The solid 178,000 increase in March payrolls will likely reinforce the Federal Reserve's focus on inflation risks amid the rapid run-up in energy prices. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics: World Oil rallied Thursday after US President Donald Trump vowed an escalation in the war in Iran over the coming weeks, a move that could prolong disruptions to energy flows through the vital Strait of Hormuz. West Texas Intermediate surged 11%, while the global Brent benchmark settled near $109. Europe's diesel futures benchm
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