🚨WARNING: Oil is closing in on $100 AGAIN. Crude has surged to its highest level in nearly 3 months, with Brent now around $97/barrel. U.S. inflation is already at 3.4% and gasoline prices are up 24.6% YoY. Now crude is closing in on $100, while Gulf oil shipments remain disrupted and U.S. diesel prices sit at records. That puts another inflation pressure on the Fed’s desk just days before its next rate decision. If oil breaks $100 and stays there, the Fed’s inflation problem gets a lot harder. The next major test is Friday’s CPI report.(Coin Bureau)