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There are many reasons why gas prices could shoot up in the near future, but the Biden administration’s ban on oil drilling on millions of acres in Alaska in unlikely to be one of them.
What’s the biggest problem with the US economy right now? The vibes are off.
Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their aggressive supply cuts, Goldman Sachs warned its clients.
Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — said they would extend output cuts by at least another three months.
Home builder stocks are on a tear, boosted by a jump in new home construction as Americans shun the historically tight and unaffordable housing market.