Oil Tests Central Bankers' Nerves With Mideast on 'Knife Edge' [Financial Post (Toronto, Ontario, Canada)]
Wells Fargo & Company (WFC)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Global central bankers fretting about geopolitics just got another sharp reminder overnight about the potential threat that the Middle East poses to their inflation fight. In the same week that multiple monetary officials meeting in Washington said they're on the lookout for potential oil shocks that could reignite consumer-price growth, Israel's attack on Iran on Friday caused just the sort of price fluctuations that could test their nerves. Article content Article content The strikes reported around targets in Isfahan prompted a jump of more than 4% in crude to above $90 a barrel, before erasing that gain to trade lower on the day as Iranian media seemed to downplay the incident. While central bankers won't have lost sleep at the level it reached, the backdrop isn't comforting. At the United Nations Security Council in New York, General Secr
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 4
- WFC's page on the SEC website