US markets dip as rising oil prices spark fresh inflation fears
Sky News AustraliaCommSec’s James Gruber analyses the US market dip driven by inflation concerns and rising oil prices. “On US markets overnight, they dipped a bit. The S&P 500 was down 0.5 per cent and was mainly over worries about rising oil prices and the effect on inflation that will have,” Mr Gruber told News24. “Oil actually finished above $US90 a barrel overnight; other commodities were also high, including copper, gold and aluminium.” Presented by CommSec.