BNO, USO rise as fuel prices climb on Ukraine strikes
United States Brent Oil Fund and United States Oil Fund were higher in premarket trading as the article linked rising fuel prices to Ukraine’s drone attacks on Russian energy assets.
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Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc