Brent Crude Tops $100 as US PPI, CPI Data Loom

Oil's move above $100 lands in the same week as US inflation data, making the sequencing the real story: an energy-led input-cost impulse arriving alongside a core PPI reading seen rebounding toward 4.6%. The Bank of America card-spending deceleration suggests the demand side is softening even as the cost side firms, a combination that complicates the rate path. Whether Brent holds this level into the CPI print, and whether the spending slowdown persists, is the open question for risk assets broadly, not just commodities.