APR 05. Brent oil price surged to $91 per barrel…return of the inflation?

In Tehran, the capital city of Iran, thousands of people gathered for the funeral, who killed when Israel bombed Iranian Embassy this Monday.

Iranian people were shouting revenge to Israel. It seems like the world is moving with Israel’s plan.

US was embarrassed by Israel’s sudden attack and warned them strongly. However, Israel haven’t really responded any yet. US is now asking for some kind diplomatic support from Russia and China to calm down Iran…

Oil price jumped again today, Brent oil price went above $91 per barrel, the first time since last October. If the oil price goes above $100 level, world will be back into heavy inflation mode soon. If that happens, can we sue them?

US stock market was rebounded nicely today.

DJ Index was up 0.8%, S&P 500 index was up 1.1% and NASDAQ index was up 1.2%.

Market players are now really worrying about the return of the inflations. If inflations are back, FED wouldn’t lower the rate and that kills the market for sure.