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By Aamer Madhani, Josh Boak, Associated Press
A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar.
By Matthew Daly, Associated Press
President Biden announced a historic effort to lower gas prices that have skyrocketed since Russia invaded Ukraine. He said the administration would release 180 million barrels of oil from the Strategic Petroleum Reserve over the next six months. At one…
The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets.
By Isabel Debre, Associated Press
President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump.
By Zeke Miller, Michael Balsamo, Josh Boak, Associated Press
By Stan Choe, Associated Press
Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy.
By Damian J. Troise, Alex Veiga, Associated Press
The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
By William Hauk, The Conversation
Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. But how much worse inflation could get will depend in part on how far Putin goes, and the severity of sanctions.
By Samya Kullab, Qassim Abdul-Zahra, Associated Press
The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue.
By Ryan Chilcote
The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy.
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