Oil is doing the Fed’s job in reverse. Brent just surged past $96 and briefly touched $100, less than 48 hours after the IEA approved a 400M barrel emergency release. The release was meant to calm prices. The market is still pricing disruption risk. At $100 oil, inflation gets sticky and rate cut timelines get pushed out. Top global suppliers still anchoring flows are the US, Saudi Arabia, and Russia. Not financial advice.