NYTIMES (Rebecca F. Elliott and Joe Rennison) - Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
'Hoax'
The device that emitted smoke during a protest near Gracie Mansion Saturday was designed to be deadly, people with knowledge of the investigation said.
Oil prices on Sunday crossed into triple digits for the first time since 2022 — a stark sign of how the Iran war is throttling global supplies and raising consumers costs. Why it matters: The psychologically important $100-a-barrel mark is going to increase pain for consumers, many of whom don't support the war and didn't have any real warning that it was coming. - It's also a political setback for President Trump , who has relished in touting lower gasoline prices on his watch. Driving the news: The global benchmark Brent crude was trading Sunday evening at $101.81, while WTI, the main U.S. metric, was at $101.56. Friction point: U.S. drivers are already feeling the effects of crude prices that have now climbed more than 30% since…
Oil prices on Sunday crossed into triple digits for the first time since 2022 — a stark sign of how the Iran war is throttling global supplies and raising consumers costs. Why it matters: The psychologically important $100-a-barrel mark is going to increase pain for consumers, many of whom don't support the war and didn't have any real warning that it was coming. - It's also a political setback for President Trump , who has relished in touting lower gasoline prices on his watch. Driving the news: The global benchmark Brent crude was trading Sunday evening at $101.81, while WTI, the main U.S. metric, was at $101.56. Friction point: U.S. drivers are already feeling the effects of crude prices that have now climbed more than 30% since…Open
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