SPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/MSPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/M

Oil Breaks $100 as Markets Recalibrate the Energy Endgame

ByON1010 Research Posted onMay 12, 2026 at 6:01 AM EDT Reading Time: 3 minutes

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The Opening Bell

Markets are waking up to a new milestone: oil just punched through $100 for the first time since the Strait of Hormuz closed in February. At $101.17, crude is now carrying a 53% war premium over pre-crisis levels, and the psychological barrier breaking suggests traders think this isn’t ending anytime soon. The question investors face today isn’t whether energy stays elevated — it’s how long the economy can absorb $100 oil without broader cracks appearing.

Market Snapshot

Current data was unavailable at time of writing for Treasury yields and spreads.

Fed Funds Target Range: 3.5%-3.75%

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