Consumer prices rose 2.4% annually in February, as expected
The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.
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Iran Says Oil Will Reach $200 a Barrel, Warns of 'Continuous Strikes'
Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said Wednesday.
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Oil Nears $90 on Gulf Tensions
Oil prices forged higher as concern over disruption to energy flows in the Middle East outweighed hopes that governments will agree to a record release of oil reserves.
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IEA Weighs Record 400M-Barrel Strategic Oil Release
The International Energy Agency will decide today whether to approve the largest strategic oil release in its history, a proposed 400-million-barrel drawdown aimed at cooling crude prices that have surged during the U.S.-Israel war with Iran.
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US Gas Prices Climb to $3.58 per Gallon
The national average price for a gallon of regular gasoline climbed to $3.58 Wednesday, according to the latest AAA Fuel Gauge Report, as global oil markets react to escalating tensions in the Middle East.
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Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
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