War Premium News Today

powell tries to force down inflation. lets get right to it. joining me now is full disclosure host, robin, have we gotten the number yet? lass it come out? or are we still waiting? >> still waiting for it to come out. >> were waiting, all right. another 75. 75 basis points. what is that going to mean? >> i got it tell you, i got a song in my heart, special thanks to the bee gees. because were dealing with the cpi thats still high and the fed will have to hike ♪ which we just wont lik...

Gold heads for second weekly decline as war premium dissipates • A soft U.S. inflation print next week presents a risk to the current decline • Silver tests…

Gold and silver have witnessed respective declines as the ‘war premium’ dissipates and the dollar recovers lost ground on the back of Powell’s hawkish comments

Oil and gas sector stocks look to make gains as oil prices jump higher amid the Israel-Hamas war. The post ExxonMobil, Halliburton Lead Rally As Oil Heads…

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And syria in its own right is not a major producer of energy but if we look at the countries surrounding syria, the top five producers of the oil globally four of which are in some way involved in this conflict, iran, saudi arabia, the u.s. and russia, thats the concern here, if you have a supply disruption, all bets are off and prices could soar. right now we have a war premium built into the price of oil, and drivers are certainly seeing that at the pump. theyre seeing that every day, its soco...

Down the road so theyre hoarding supplies. if we step back from the brink with iran, if there is some kind of an agreement to put off the embargo, we could see one of the biggest drops in gasoline prices weve seen since 2008. jenna: how big? >> we could see gasoline prices below $3 a gallon, maybe 2.80 or 2.90. that is how much this iranian war premium has been pumping up the price of gasoline at your pump. jenna: a lot depending on a very unpredictable country. well continue to watch iran but c...

This market, jenna. when 4th of july demand would hit its peak and prices would go highest and back down. a lot of it has to do with switch to summertime blends of gasoline. now we pushed the peak, generally speaking around easter and near memorial day as opposed to the middle of summer. were seeing almost every year we get the spike in spring because refiners have to get rid of all the old winter gasoline. they have to ramp up production of new blends of gasoline. were about at that point when ...

Gallon of gas stands at $3.61. that is more than 40 cents higher than it was this time last year. joining us phil flynn, market analyst and fox business contributor joining us on the floor of the cme. what is going on? what is the number one reason? why are we seeing prices so high? >> i think it is the threat from iran more than anything else. were seeing an incredible war premium put into the price of crude oil and that has driven prices dramatically higher. if that were the only thing maybe w...