Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
Brent crude oil on Thursday climbed above $75 at one point, likely driven higher by the suspension of some Russian oil exports and the imminent tightening of U.S. sanctions on Iran. By the end of trading, crude prices had fallen back a bit. But the trend is clearly up since the beginning of the year, when Brent was going for about $53. We know that more expensive oil usually means more expensive gasoline. But it also drives up the cost of many other products and services, from food to airline tickets.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.