Global energy prices remain elevated after Iran’s new Supreme Leader vowed to keep the Strait of Hormuz closed in a statement released Thursday. Laura Sanicola, senior writer for Barron’s, joins “The Daily Report” to discuss. Source link
The price of oil continued to surge on Friday amid growing concerns that the Iran war will disrupt global crude supplies. West Texas Intermediate (WTI), the U.S. oil benchmark, rose 6.8% to $86.57 per barrel on Friday morning, according to data from Factset. Brent crude, the international benchmark, jumped 4.7% to $89.44. Both were trading near their highest … Read more
U.S. stocks slid Thursday and the price of oil continued to climb amid ongoing conflict in the Middle East. After a relatively calm trading session on Wednesday, the price of U.S. crude oil shot higher by more than 7% on Thursday. The international oil benchmark also popped nearly 4%. Stocks resumed a sell-off that started … Read more