Oil over $100 has JPMorgan stock-market strategists fearing a missing out on a swift decline
Brent crude and West Texas Intermediate’s front-month contracts rose on Monday after Saudi Arabia closed its East-West pipeline, citing damage cause by drone attacks.
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# JPMorgan Strategists Warn of Market Correction Risk as Oil Surges Past $100 JPMorgan's stock-market strategists are concerned about missing a potential sharp market decline as Brent crude and West Texas Intermediate crude both climbed above $100 per barrel on Monday following Saudi Arabia's closure of its East-West pipeline due to drone attack damage. The oil price spike poses inflation and earnings risks that could trigger an equities selloff, but strategists fear being caught off-guard if the decline occurs swiftly.
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