Oil benchmarks jumped and fell Tuesday as President Trump's UN remarks, diplomatic talks with Iran and Ukraine, and reports of a Saudi pipeline restart moved markets.
Posts tagged as “energy markets”
JP Morgan admitted it cannot forecast oil prices as the US‑Iran war drags on, noting that key economic red lines have already been crossed.
Diesel hit a historic $6.31 per gallon, prompting concerns that rising freight costs will push up consumer prices across the United States.
Oil prices declined Thursday amid reports of a U.S.-Iran deal and forecasts from the International Energy Agency predicting a supply glut next year.