Crude oil hits new highs as Fed and RBA weigh rate decisions

Brent crude hits highest close since war, raising inflation concerns for U.S. and Australia households and investors

Global energy markets are in the spotlight as Brent crude reaches its highest close since the onset of the war, driving concerns over inflation in both the U.S. and Australia. Rising oil prices are adding pressure to consumer costs, with implications for households, businesses, and investors alike.

David Scutt from StoneX explains how these surging energy costs feed into inflation and influence global markets.

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