The Oil Price Spill: What's Next for Investors? The Australian sharemarket has been trading erratically, with early gains erased as energy stocks jump in response to elevated oil prices.
Brent crude settled almost 3% higher overnight, driven by outages at a key Saudi pipeline and Libyan oil fields.
This volatility is part of a perfect storm of high inflation, rising interest rates, and supply chain disruptions that's affecting the global economy.