Oil and coal prices surge, rattling U.S. stock market

Investors dump equities as inflation anxiety intensifies

20210928N traders

A scene from the New York Stock Exchange on Sept. 28: Traders grapple with the prospect of prolonged, energy-driven inflation. © AP

TAKENORI MIYAMOTO, Nikkei staff writer

NEW YORK -- Fuel prices from crude to coal continue to surge across the globe, fueling concerns that the world is headed into energy-driven inflation and driving investors to seek out safe havens.

North Sea Brent crude, an international benchmark for crude oil prices, temporarily topped $80 a barrel for the first time since October 2018 in London on Tuesday. Back in New York, U.S. West Texas Intermediate crude also hit its highest price since July.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.