Oil Hits $100? Traders Warn “Something Has to Break”
📡 Financial Times · 1 min read ·
Part of composite article Gas Prices Hit Record $4.14 on Labor Day as Oil Nears $100—Drivers Feel the Squeeze View full article →
Global oil prices are nearing the $100-per-barrel mark, driven by a renewed supply crunch that has traders on edge. Attacks on commercial shipping routes and steadily declining inventories are tightening the market, raising fears of a significant disruption. “Something has to break,” one trader warned, as the pressure on supply chains intensifies. With demand remaining steady and reserves shrinking, analysts say the window for a price surge is widening. The situation remains fluid, but the risk of a sharper spike is growing by the day.