Global Market Insights - Forex, Futures, Stocks

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Global Market Insights - Forex, Futures, Stocks

Oil spikes again despite reserves release as fighting escalates

March 12, 2026 • XM.com

0:00 | 5:10

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US and IEA release record barrels of oil but Brent crude hits $100 again. Iran continues to strike ships and oil infrastructure in the Gulf. Inflation expectations creep up as markets ignore steady US CPI data. Stocks head lower again, dollar firms, gold rangebound.

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