Wall Street Legend Warns Oil Market Nearing 'Tipping Point' for Inflation Shock

The oil market is reaching a ‘tipping point’ that could create problems for stocks, according to this Wall Street legend

Evercore’s Roger Altman said in a CNBC interview on Monday that a sharp rise in crude could destabilize markets before it may trigger “the second big inflation shock of this decade after COVID,” especially if oil prices climb toward $150 a barrel or higher.

By Frances Yue