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If the conflict eliminates Iranian oil from the market, oil prices could spike by about $7.50 a barrel, according to Andy Lipow, president of Lipow Oil Associates, a consulting firm.
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
US crude oil production likely will fall over the next 18 months as producers cut back on drilling activity in response to ...
Following Israel's attack on Iran, aimed at taking out its nuclear capabilities, both West Texas Intermediate and Brent crude prices surged above $70 a barrel on Friday. That $70 level will likely ...
US Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the ...
5don MSN
Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan ...
“Iran knows full well that Trump is focused on lower energy prices and actions by Iran that impact Middle East supply and consequently raise oil prices damage Trump politically,” he said.The ...
Anger is mixed with worry as Iranians in the capital of Tehran have woken up to images of their country’s retaliatory attacks ...
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