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Trouble in the Strait: Oil Markets Just Got Played

Trouble in the Strait: Oil Markets Just Got Played

Ceasefire headlines sent oil plunging. Reality sent it roaring back. Welcome to the new war—fought in shipping lanes, not just battlefields. There’s trouble in River City. Not the kind with pool halls and marching bands—this one runs through the Strait of Hormuz,...
Oil Hit $90—and the Pump Hasn’t Caught Up Yet

Oil Hit $90—and the Pump Hasn’t Caught Up Yet

If you’re paying around $3.75 a gallon in Florida right now, it feels like the spike already happened. It didn’t. What you’re seeing at the pump reflects oil prices from about a week or two ago—when crude was trading closer to $80 a barrel. But for the past several...
The Day After the Oil Shock

The Day After the Oil Shock

The oil market had one of those days yesterday. The kind traders talk about for years. Crude prices surged so fast that by the closing bell the market had posted the largest weekly gain since modern oil futures trading began in 1983. When the dust settled, West Texas...