Oil Prices Spill Over into Outdoor Industry Markets The recent surge in oil prices, driven by ongoing tensions in the Middle East, has sparked a market downturn.
Brent crude has jumped over 3% to $106, following attacks on shipping and a drone strike that prompted Saudi Arabia to temporarily shut its East West pipeline.
This development will have far reaching implications for outdoor enthusiasts. The industry relies heavily on global supply chains, particularly when it comes to high performance gear like kayaks and bicycles.