Week of Middle East Conflict Pushes Oil Prices Higher
Fears of a spiraling Middle East war put Wall Street in a holding pattern this week, with oil prices grinding higher and choppy stock trading leaving major U.S. indexes little changed.
Brent crude futures, the international pricing benchmark, closed Friday at $77.01 a barrel, an 11% jump since Israel launched a ferocious air campaign against Iran. Traders feared a worst-case scenario in which Tehran could shock the global economy by cutting off ship traffic through the Strait of Hormuz, a chokepoint for oil and gas supplies.
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Forget chocolate! The world now envies Switzerland's zero interest rates
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Why Digital Turbine Stock Plummeted Today
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