As war in the Middle East continues, what’s the economic view like for the Fed, consumers, and businesses?
Freight rates for moving U.S. oil to Asia have soared from $3 to $6 per barrel before the war in Iran to around $38 per barrel today.
The U.S. Energy Information Administration raised its Brent crude forecast to average around $90 a barrel for the second half of the year, about 5% higher than its last estimate.
Oil prices that top the $100-per-barrel mark have downstream effects on all kinds of things. Bonds are among them.
Venezuela’s oil minister, Paula Henao, spoke to Venezuelan state television from Houston, Texas on Tuesday night to announce the investments.
Uncertainty over the ceasefire means uncertainty over prices.
Ultimately, the increase in the cost of shipping a container across an ocean will be passed along to consumers.
Oil futures markets can reflect investor expectations about fuel prices and energy markets.
Venezuela’s oil industry is shifting — but it can’t offset disruptions caused by war in the Middle East.
Higher inflation, lower unemployment, and a war — what’s all this mean for the job market going forward?
