Wall Street erases a big loss
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Oil prices have jumped more than 9% to nearly $100 a barrel while President Trump touts U.S. gains from higher prices.
US stocks recovered losses Monday and oil prices plummeted after settling at their highest level since 2022, as the war with Iran continued to roil markets.
Forbes contributors publish independent expert analyses and insights. I analyze petroleum economics and energy policy. Oil prices surged after the massive Israeli attacks on Iran because of fears that the violence will continue (which is likely) and spread ...
The EIA's latest weekly petroleum status report showed that crude oil stocks, not including the SPR, stood at 424.2 million barrels on November 14. Image by nixki via iStock U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum ...
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Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again
Iran's unrelenting attacks on shipping traffic and energy infrastructure in the Persian Gulf pushed oil back above $100 a barrel on Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight.