Commodities
$US100 Oil: Inflation Front and Centre Amid Ongoing Conflict
Oil prices have surged amid the ongoing conflict in the Middle East, and CommSec's Gillian Bowen believes inflation is now at the forefront of economic concerns.
The global price of oil has remained above $US100 a barrel, according to CommSec, which Bowen says is keeping inflation front and centre.
With no signs of abatement in the conflict, oil prices are likely to continue their upward trend, further fueling concerns about rising costs and economic stability.