LIVE
Just published.
Human review coming soon.
Human review coming soon.
Oil Surges Above $85 as Middle East Crisis Worsens
Middle East conflict got worse across the region. Oil prices jumped above $85 per barrel.
European natural gas prices also went up. Stock markets fell because oil prices jumped.
The Dow Jones index dropped 1,200 points. Higher energy costs hurt people and businesses worldwide.
Klear Note — Oil price spikes affect gas prices at pumps worldwide. Stock markets fall when investors worry about future costs and economic slowdown.
Key Terms 2
- Dow Jones
- Main stock market index tracking largest US companies
- Natural gas
- Energy fuel used for heating and power in homes