Oil’s Reality Check Hits Markets as Energy Inflation Calculus Shifts

The Opening Bell

Markets are waking up to a new energy equation. After oil’s dramatic retreat from triple digits — WTI crude down 8.1% to $93.95 — the inflation shock narrative just got more complex. The question isn’t whether energy prices will stay elevated, but how quickly the Fed’s calculus changes when oil volatility works both ways.

Market Snapshot

Fed Funds Target Range: 3.5%-3.75%

10-Year Treasury: 4.45%