oil prices

Inflation & Prices

Fed’s Warsh Promises Congress a Hard Line on Inflation Amid Looming Risks

Photo via Tom Williams

Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate.

2 min read

Photo via Hannes P Albert/dpa/picture-alliance/Newscom

Energy

Slashing Crude Costs, Saudi Arabia Signals Brewing Price War

International benchmark Brent crude stood at roughly $72 per barrel on Monday, barely above pre-war levels.

1 min read
Photo via Maksim Konstantinov/ZUMA Press/Newscom

Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read
Photo via Jeremy Hogan/Sipa USA/Newscom

Energy

Energy Market Disruption From Iran Conflict Flows into Gas Pumps

Oil prices are surging as Iran’s counterattacks on the US and Israel curbed shipments through the Strait of Hormuz.

2 min read

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