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Oil markets

Pain at the pump? Think Iran.

by Scott Tong
Jun 21, 2021
Yes, the economy is reopening globally. But gasoline prices are also affected by Iran's latest election.
The price of crude oil has risen $3 to about $75 per barrel since Iran elected Ebrahim Raisi president last week.
Justin Sullivan via Getty Images
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Storage is the hottest commodity right now in oil markets

by Justin Ho
Mar 31, 2020
Swooning demand means there's a lot of oil being produced but not consumed. That's making storage prices soar.
The price to store oil is soaring. Above, a pipeline carries oil at the Federal Strategic Petroleum Reserve facility known as Big Hill near Beaumont, Texas.
Joe Raedle/Newsmakers
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Why oil prices move up and down so much

by Dan Weissmann
Feb 26, 2015
Predicting global supply and demand is enormously complicated
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