Oil surges above the dreaded $100 level as Iran-war market disruption deepens [Business Insider]
Interactive Brokers Group, Inc. - Class A (IBKR)
Last interactive brokers group, inc. - class a earnings: 4/21 04:01 pm
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Source: Business Insider
Have an account? Log in The price of crude oil spiked above $100 per barrel for the first time in more than three years. The Iran war continues to affect crude supply from the region and cripple global oil flows. Wall Street strategists have warned a prolonged breach of $100 could damage the economy and stocks. Oil hitting $100 per barrel was increasingly being bandied about as a possibility after the Iran war started. But it wasn't supposed to happen this quickly. Brent crude spiked as much as 19% to $110.70 per barrel when oil trading commenced on Sunday evening. WTI crude rose 19% to $111.24 at intraday highs. Since the start of the Iran war, the $100-per-barrel level has been viewed as a psychologically significant threshold that, when crossed, would spell inflationary trouble for the economy and the stock market. Given that gas prices at the pump just rose to the highest level of Trump's second term , and that stocks are coming off their roughest week in months , b
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