Oil Prices Jump and Stocks Drop
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A series of attacks in the Strait of Hormuz sent Brent crude and West Texas Intermediate prices higher Tuesday.
By Nicole Jao NEW YORK, July 10 (Reuters) - U.S. drivers have seen gasoline prices climb again after weeks of steady declines, as renewed fighting between the U.S. and Iran lifted crude oil prices to their biggest weekly rise in eight weeks.
After several weeks of declining gas prices, Ohio drivers are once again seeing higher prices at the pump. According to AAA East Central, the statewide average for regular gasoline is now $3.70 per
President Trump has been touting a murky new venture called the "Freedom Fuel Network" to buttress his claims that Americans are seeing relief at the pump.But new questions about the cheap gas venture — and no transparency about who is behind it — are swirling amid a larger problem for the White House.
Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce back
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Dow Jones futures waver, oil prices rise amid Iran news; Nvidia, Valero, Dell, SpaceX in focusTech futures rose overnight after Nvidia, Dell and other AI stocks bounced and SpaceX hit a new low. Oil prices kept rising on Iran news.
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
Mediators are pushing to keep talks going after the United States and Iran exchange of strikes, escalating tensions. CBS News' Jarred Hill reports.
