Coverage of crude oil, natural gas, and the energy companies that produce and refine them.
Oil prices advanced more than 1% on Wednesday after Yemen’s Houthi movement claimed responsibility for a missile strike against Saudi Arabia’s largest oil refinery, raising concerns about further disruption to Middle Eastern energy supplies. Brent crude futures increased $1.
Economists surveyed by Reuters raised their inflation forecasts for next year in 31 of the 50 economies covered, including 15 of 21 developed economies.
Diesel prices could remain above $6 per gallon in the U.S., with winter demand and deferred refinery maintenance threatening further supply disruptions.
Stocks like Oklo are high-risk, and the opportunity may not pan out, but Exxon and Chevron are built to survive hard times.
