Brent crude oil surpasses $100 as markets await PPI and CPI data

Brent crude oil has broken through the $100 mark. With PPI and CPI data scheduled for release this week, uncertainty remains regarding the Federal Reserve's interest rate path. Reports suggest that even if inflation metrics rise due to higher oil costs, the root cause may be supply-side shocks rather than overheating demand, potentially complicating the Fed's expected rate hike trajectory.