Oil Market News, OPEC+, sanctions and price shocks

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Why the price of oil matters more than you might think​

The impact of the US and Israel's war in Iran is starting to hit home - no matter where you live.

As the conflict blocks oil exports from the Gulf region, and producers start to cut output, the supply shock has sent oil soaring toward $85 per barrel, rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.

Oil supply shock​

The war has been an unwelcome reminder of the world's ongoing dependence on the Middle East for energy supplies, recalling supply shocks that hit the world in the 1950s and 1970s.

But analysts say the impact this time is much larger.

More:

https://www.msn.com/en-us/money/mar...-you-might-think/ar-AA1XRaoC?ocid=socialshare
 
You must log in or register to reply here.
Back
Top Bottom