The Kobeissi Letter tracks crude jumping above $114 and then $115, warning sustained levels could push CPI higher, tying the move directly to war-risk supply fears.
US oil prices surge above $114/barrel as US market futures officially reopen after the 3-day weekend.
Oil prices are now crossing above $115/barrel in the US.
if current levels are sustained another ~7 weeks, US CPI inflation will rise to ~3.7%.
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