The aBP Weekly: Oil Paused, But Risk Stayed Expensive

Source; The Guardian

Markets spent this week trying to decide whether the Middle East oil shock was finally cooling or simply becoming easier to live with. Crude pulled back from the most extreme panic levels, but it still held above the threshold that keeps inflation, rates, and global growth concerns in the conversation. That is what mattered most. The story was not that risk disappeared. It was that markets started treating expensive energy as a more durable part of the macro backdrop.

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