US stocks slipped on Thursday as investors turned cautious ahead of key inflation data, while oil prices climbed further above $100 a barrel, raising fresh concerns about inflation just as markets assess the outlook for interest rates, Reuters reported.
Brent crude rose 3.8% to around $105 a barrel after crossing $100 on Wednesday for the first time since July. The latest jump came as the Iran conflict escalated, increasing fears that a prolonged disruption could add to price pressures across the global economy.
