$120-a-barrel oil may be a tipping point that shifts Fed’s focus from high inflation to recession threat

U.S.-traded crude was at around $93 a barrel on Thursday. U.S.-traded crude was at around $93 a barrel on Thursday.

Key takeaways

Quick scan — what you need to know:

• U.S.-traded crude was at around $93 a barrel on Thursday.
• U.S.-traded crude was at around $93 a barrel on Thursday. U.S.-traded crude was at around $93 a barrel on Thursday.

Background

What led here, in plain terms:

• U.S.-traded crude was at around $93 a barrel on Thursday. U.S.-traded crude was at around $93 a barrel on Thursday.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• U.S.-traded crude was at around $93 a barrel on Thursday.
• U.S.-traded crude was at around $93 a barrel on Thursday. U.S.-traded crude was at around $93 a barrel on Thursday.