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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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China's Exports Surge in First Two Months of Year WSJChina exports surge despite Trump tariffs BBCChina exports sharply beat expectations as trade surplus in the first two months surges to highest on record CNBCChinese Exports Soared 22% Before Middle East War Broke Out Bloomberg.com
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Iran war's oil shock fuels GOP political anxiety The Washington PostTrump administration starts to panic over rapidly rising oil costs CNNGas price spikes are slamming Senate battleground states Axios‘We've got to pay attention': GOP anxiety spikes over rising energy prices PoliticoDivided on so many things, Americans find unity in frustration at higher gas prices PBS
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Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season.
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Oil prices climbed on Monday, but finished below Monday's highs near $120 a barrel following talk by the Group of Seven nations of a potential emergency release of crude reserves.
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The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
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