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09.03 - 16:59
Oil-Price Surge Threatens U.S. Growth
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For a brief period in the 2010s, high oil prices meant good news for the U.S. economy. Now, they are once again a threat to growth.
With prices topping $100 a barrel for the first time in nearly eight years, the commodity is set to squeeze American households, push up inflation, dent the economic recovery and create a new headache for the Federal Reserve as it moves to raise interest rates.
Read more on wsj.comAbout this in other media
Saudi Arabia and UAE leaders ‘decline calls with Biden’ amid fears of oil price spike theguardian.com /2 years ago
Russia threatens Europe’s gas supplies as west mulls oil import ban over Ukraine invasion theguardian.com /2 years ago
Wall Street suffers biggest slide in more than a year as oil prices surge theguardian.com /2 years ago
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