The David Lin Report · Thursday, September 10, 2026
Gary Wagner highlights that crude oil prices, specifically Brent crude, have spiked to near $100 a barrel, a level not seen in some time. He explains that this increase in oil prices significantly impacts the economy by driving up inflation across various sectors, not just energy.
“What we do know is that oil has spiked up tremendously over the last couple of weeks. I think that, uh, the cash market Brent, actually kind of touched near $100 a barrel, and we haven't seen that for quite some time.”
“Uh, because of our dependence on oil, when crude goes up, it affects everything. Of course, it's it it's a huge inflationary pressure, but it's a huge inflationary pressure across the board. It's not just energy costs or gasoline and things like that.”