Oil Prices Surge Above $85 as Israel/Hamas Conflict Impact Persists
BREAKING: Oil prices rise above $85 as markets open for the first time since the Israel/Hamas war erupted. Oil prices are now up 27% over the last 3 months and gas prices remain near $4.00/gallon. Energy resources continue to fuel inflation. Yet another challenge for the Fed.
Oil prices have surpassed $85 as markets resume trading following the recent Israel/Hamas conflict. Over the past three months, oil prices have seen a 27% increase, while gas prices have held steady around $4.00 per gallon. The rise in energy costs is contributing to overall inflationary pressures.