Crude Oil WTI (CL) and Brent Oil (LCO) have both surged above $103 per barrel, marking significant daily increases of over 11%. Accompanying this rise in energy costs, Natural Gas (NG) is trading at 3.337 and Gasoline RBOB (GPR) has climbed over 7% to 2.9578. The author suggests these price levels create inflationary pressure that may prevent the Federal Reserve from cutting interest rates.