Five Things You Need to Know to Start Your Day
Energy crunch gets crunchier, bonds drop, and fiscal brinksmanship gets closer to the brink.
The pressure on energy supplies is showing little signs of easing, as the energy crisis in Europe looks increasingly likely to be a global problem soon enough. A barrel of West Texas Intermediate for November delivery is trading above $76 this morning while Brent, the global benchmark, is over $80 for the first time since 2018. Investors looking to find out when the current supply crunch will ease will pay close attention to OPEC’s latest World Oil Outlook, which is published today.