Oil Surges Past $100 to 4-year-high, crushing hopes for a stock market ‘melt-up’
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Oil prices have surged to a 4-year high, exceeding $100, which may negatively impact the stock market. The increase in oil prices is possibly linked to recent incidents involving Iran, although the exact nature of the connection is unclear. The situation has also had an unexpected effect on gold and silver prices, which have plummeted.