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Mar 3, 2022
Oil prices continues their rise as U.S. sets sights on Russian energy
Photo by JOHANNES EISELE/AFP via Getty Images
Oil prices continue to climb this morning. Global benchmark Brent crude is at $116 a barrel, which is a near 20% increase just this week. The price may go higher as the United States imposes the first export controls connected to Russia’s energy sector. We discuss rate hikes coming in March and preview upcoming jobs numbers with Diane Swonk. Philadelphia Fed president Patrick Harker talks about the Russia-Ukraine conflict and its potential impact on what the Fed could do with interest rates.
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Jay Siebold
Technical Director
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
Redmond Carolipio
Digital Producer
Jesson Duller
Media Producer