'Problematic' oil spike

Jeffrey Gundlach, CEO of DoubleLine Capital, thinks the recent oil spike is "going to be problematic" for the economy. That might force the Fed's hand, making it more probable than before the central bank hikes interest rates one more time before the end of the year. Oil prices have risen recently after Saudi Arabia and Russia enacted a supply cut that will last until December. $Occidental Petroleum(OXY.US)$ $Chevron(CVX.US)$ $Imperial Petroleum(IMPP.US)$ $SPDR S&P 500 ETF(SPY.US)$