Oil Is Surging—And That’s Not Great News for Markets

Oil prices are climbing again, with oil index WTI pushing past $86 and Brent nearing $91. Supply fears from Middle East tensions and possible OPEC+ action are adding fuel.

Airlines like United (UAL) and logistics firms like FedEx (FDX) are already under stress.

This rally is a double-edged sword. While energy names like ExxonMobil (XOM) and Halliburton (HAL) benefit, higher oil could reignite inflation concerns just as the Fed is trying to cool things off.

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