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Oil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.
Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
Michigan gas prices, down over last week, could be going up, analysts predict
For the moment, the average price of gas in Michigan was $3.09 on June 15, down an average of 8 cents a gallon from last week, and 49 cents less than a year ago, according to AAA. Nationally, the average was $3.14 a gallon, 3 cents less than a week ago.
Wall Street is recovering from Friday’s shock with US stocks up and oil prices down
NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
Oil-Price Surge Could Complicate U.S. Inflation Fight
A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,
The Mirror US on MSN2d
Former White House official issues six-word warning as oil prices soar
A former White House official issued a chilling ultimatum to Donald Trump's administration as oil prices continue to rise in the US
Most G7 members ready to lower Russian oil price cap without US
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.
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