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Oil tops $90 as Middle East fighting escalates

Data: Financial Modeling Prep ; Chart: Ben Geman/Axios Oil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle East hostilities. Why it matters: Higher oil prices could quickly translate into more expensive gasoline for consumers and diesel for freight carriers while increasing inflation risks worldwide. Context: Brent crude's move above $90 a barrel — its first since mid-June — builds on last week's gains aft…

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AxiosCenter·21h ago
Oil tops $90 as Middle East fighting escalates
Data: Financial Modeling Prep ; Chart: Ben Geman/Axios Oil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle East hostilities. Why it matters: Higher oil prices could quickly translate into more expensive gasoline for consumers and diesel for freight carriers while increasing inflation risks worldwide. Context: Brent crude's move above $90 a barrel — its first since mid-June — builds on last week's gains aft…
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Oil tops $90 as Middle East fighting escalates

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