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Crude has just hit its highest level in nearly 3 months, with Brent approaching $97/barrel
And the timing couldn't be worseU.S. inflation is already sitting around 3.4%, while gasoline prices are up 24.6% YoY.
Now add surging oil prices, disrupted Gulf shipments, and record-high U.S. diesel pricesThat's another inflation headache landing directly on the
Fed's desk just days before its next rate decisionIf oil breaks $100 and stays there, the inflation fight could become much harder
And now everyone's watching one number
Friday's CPI report
If CPI comes in hot while oil keeps climbing, the market could get VERY interesting
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