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Brent at $82: The Gulf War Tax Is Back

Brent at $82: The Gulf War Tax Is Back

Oil Jumps 13% After Iran Strikes — Here Comes the Pain at the Pump Well, that didn’t take long. Brent crude just leapt as much as 13% to $82 a barrel after Iran’s latest round of strikes rattled nerves in the Persian Gulf. Tankers are hesitating. Insurance rates are...
The Oil Glut Is Real, and Your Gas Pump Knows It

The Oil Glut Is Real, and Your Gas Pump Knows It

The Energy Information Administration—those famously unexcitable federal bean-counters—has wandered into the room with a wet blanket and a calculator, and the news is not what the oil bulls or the “drill, baby, drill” crowd want to hear. According to the...