Market Outlook: Oil surge from Middle East war raises inflation fears
BNN Bloomberg
Oil volatility tied to the Middle East war is raising inflation concerns and reshaping investor strategy across sectors including energy, banks and technology.
BNN Bloomberg spoke with Allan Small, senior investment advisor at Allan Small Financial Group, iA Private Wealth, about how surging oil prices and geopolitical uncertainty are affecting different sectors and where investors may still find opportunities.
Read the full transcript below:
ROGER: Markets are under pressure this morning as the war in the Middle East continues. This comes with the price of oil, at one point hitting nearly $120 a barrel earlier today. Joining us now to talk about it is Allan Small, senior investment advisor at Allan Small Financial Group, iA Private Wealth. Allan, thanks, as always, for joining us.
ALLAN: Great to be here.
ROGER: We’re looking at oil. Last time I checked, I think it was about $110. What are your thoughts? Where do you see it going right now? Oh, it’s bounced back down. It’s back near $100 now. It’s all over the place.
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