Oil at $110 and Gas Near Four-Year Highs Stoke Global Inflation Risk

Name: Oil at $110 and Gas Near Four-Year Highs Stoke Global Inflation Risk
Uploaded: 2026-10-22T04:50:36.944031+00:00
Description: Brent crude near $110 a barrel and Asian LNG prices at their highest since December 2022 are pushing up household bills, diesel costs and inflation expectations worldwide. Central bankers in the UK and Canada are already signaling the shock could force tighter monetary policy despite weakening real incomes.

Brent crude near $110 a barrel and Asian LNG prices at their highest since December 2022 are pushing up household bills, diesel costs and inflation expectations worldwide. Central bankers in the UK and Canada are already signaling the shock could force tighter monetary policy despite weakening real incomes.

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