barrel

Trump to review options as oil prices cross $100 per barrel amid Middle East conflict: Report

by

Amid the recent spike in oil prices, following the Iran war, US President Donald Trump is expected to review a set of options related to taming the hike. The prices have reportedly spiked more than $100 a barrel due to the ongoing conflict between Israel, the US and Iran. The surge in oil prices is … Read more

Stock markets shudder worldwide after oil prices spike to nearly $120 per barrel

by

Stock markets shuddered worldwide Monday on worries about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel, their highest level since four summers ago. Stock markets worldwide experienced declines Monday amid fears of rising oil prices, which hit near $120 per barrel. (AFP) The S&P 500 … Read more