Oil is front and centre today, with prices surging past US$100 a barrel. If listeners remember, we began 2026 with oil trading below US$60, marking a rapid jump of roughly 70% in just a few months.

The sharp move higher has rattled markets, with equities broadly seeing a sea of red as investors grapple with the implications of higher energy prices.

This also raises a key question for markets: are we now moving beyond a typical pullback of 5 to 10%, and entering a full correction territory of more than 10%?

On Market View, Alexandra Parada speaks to Nirgunan Tiruchelvam, Head of Consumer and Internet at Alētheia Capital, to break down the biggest market movements today.