The Fed's Next Challenge: $100 Oil - WSJ - The Wall Street Journal
The Fed’s Next Challenge: $100 Oil - WSJ
Updated Sept. 19, 2023 3:42 pm ET
An almost uninterrupted rise in oil prices has pushed benchmark Brent crude close to $100 a barrel, posing a new challenge for central banks in their battle against inflation.
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Related Knowledge Center: ENERGY BASICS: fossil fuels
Fossil fuels — coal, oil and natural gas, primarily — remain the dominant energy sources for much of the world, with their accompanying infrastructure of mines, drilling and production wells, pipelines and various forms of transportation. But they have become more problematic as governments struggle to address climate change and pivot to energy sources that do not result in carbon dioxide emissions.