Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’
John McCoy for CA Post Shares in Samsung, Intel and AMD fell 6.3%, 2.6% and 0.7%, respectively
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Summary
Shares in ConocoPhillips, Marathon Petroleum, Chevron and Exxon Mobil rose 2.5%, 4.3%, 2.2% and 0.9%, respectively. There is typically a one- to two-week lag between movements in the oil markets and prices at the pump – and fresh tensions over the strait, a vital maritime route for 20% of the world’s oil, could keep gasoline from falling below the $3 mark. Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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Shares in ConocoPhillips, Marathon Petroleum, Chevron and Exxon Mobil rose 2.5%, 4.3%, 2.2% and 0.9%, respectively.
according to New York PostThere is typically a one- to two-week lag between movements in the oil markets and prices at the pump – and fresh tensions over the strait, a vital maritime route for 20% of the world’s oil, could keep gasoline from falling below the $3 mark.
according to New York PostAttacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region
according to NYT — Business
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