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Diesel prices crossed $6 a gallon nationally for the first time, according to the report. The article says the move may add inflation pressure across the supply chain as trucking and other transport costs rise.
Some California stations are displaying diesel prices at the $9.999-per-gallon pump limit, according to GasBuddy analyst Patrick De Haan. AAA data also showed the national diesel average at $5.9773 and California at $7.9114 on Thursday.
Brent crude rose above $96 a barrel after fresh U.S. strikes on Iranian targets and Iranian retaliation across the Middle East raised Strait of Hormuz fears.
Oil prices surged higher amid increased Middle East tensions after Iran attempted attacks on commercial ships and fired missiles at American bases, prompting U.S. military strikes on Iranian targets.
Opendoor Technologies shares fell 3.34% to $3.18 Monday as traders reacted to hawkish Federal Reserve comments, rising September hike odds and higher Treasury yields.
Stock futures are sharply higher Monday as investors return from the weekend encouraged by easing geopolitical tensions and a steep decline in oil prices. Dow, S&P 500 and Nasdaq futures are all advancing ahead of the opening bell, with technology and travel stocks leading premarket gains as crude prices retreat. Marke
US-Iran tensions escalate, driving oil prices higher. Global supply concerns grow.
Brent oil price surges after Iran vows retaliation for US strikes, despite ongoing negotiations. Geopolitical tensions escalate.