CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:36:00
Apple has been pushed off this spot it held for so long? >> well, those record high gas prices, awful for consumers, profitable for oil companies and so oil stocks are the winners here. saudi arabia's state oil company is the world's most valuable company edging out apple which was worth $3 trillion earlier this year. it's the shifting fates for energy and tech producers. oil prices are surging, global oil prices up 35% this year, producers ratcheted back production and refining, remember, during the pandemic crash, they just haven't cranked back up enough as the economy has resurged and then ...
Source: archive.org