As Oil Nears $120, Stocks and Bonds Fall

We enter June with some strong stats for the bulls.

Our View

When you talk about the top of the heap in inflation, crude oil sits at the top. Yesterday, European Union leaders agreed to pursue a partial ban on imports of crude from Russia as oil heads for the longest run of monthly gains in more than a decade. As I said over a month ago, crude oil and gas are going to race higher just in time for the summ…