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'The straw that stirs the drink': Wall Street weighs impact of surging oil prices In this article : NY Mercantile - Delayed Quote • USD Brent Crude Oil Last Day Financ (BZ=F) 98.91 +2.28 (...

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Brent crude ( BZ=F ) futures surged to $100 per barrel last week, with the war in Iran "creating the largest supply disruption in the history of the global oil market ," according to the International Energy Agency. An unprecedented amount of petroleum released from the International Energy Agency, along with easing of sanctions on Russian oil, are measures analysts say will help but won't solve the issue of higher oil prices. "Unless the political and kinetic situation resolve, very fast in days, you're going to end up with a scarcity issue," Macquarie Group global energy strategist Vikas Dwivedi told Yahoo Finance. "We don't actually think $150 is an outlier move in this situation," he added. Gasoline, diesel, and jet fuel prices have surged, threatening to squeeze consumers and businesses. With oil prices more than $25 per barrel higher than before the war began, Wall Street is now factoring rising energy costs into inflation expectations, bond yields, and overall risk app Show less Read more
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