Oil prices spike past 100USD | Australia Post CEO grilled over leak detailing post office closures
The RBA Deputy Governor Andrew Hauser says there are three risks that might mean inflation is going up, not down.
One of them is the war in the Middle East, which is feeding through to uncertainty about oil supply.
Brent crude has continued to climb and is tonight now above 100 US dollars a barrel, to levels last seen in mid-July.
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