Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.
oil trade
Posted inNPR
How long will the war last? No one knows, and it’s making oil prices weird
It’s like the “Schrödinger’s cat” thought experiment. There are two very different potential realities, and traders don’t yet know which one is true.
Posted inNPR
Oil price surges as Iran steps up attacks on ships in the Persian Gulf
Markets seesawed on Day 13 of the war in the Middle East, as two oil tankers were struck by projectiles near Iraq’s southern ports and attacks between Israel and Hezbollah intensified.
Posted inNPR
Trump gives mixed messages about when the war with Iran will end
In a phone call with CBS News Monday, Trump said “the war is very complete.” But at a separate event with Republican lawmakers, he said the U.S. still needed to achieve “ultimate victory.”
