When oil prices spike, where does the money go?

The market for oil is global, which is why events like the war in Iran affect oil prices -- and prices of the wide range of ...

Why high oil prices are good for oil companies — until they aren't

Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business ...
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Oil, geopolitics, and ExxonMobil: Here's where the stock could be in 12 months

ExxonMobil crushed the market over the past 12 months. It could keep rising over the next year if oil prices stay elevated. 10 stocks we like better than ExxonMobil › ExxonMobil (NYSE: XOM), one of ...
The American Prospect

Organized Money: Big Oil and Big Plastic Are One and the Same

Yet another consequence of the war in Iran is a looming supply shock in plastics. Plastics, derived from oil by-products, are ...
The New York Times

U.S. Withholds Iraq’s Own Money Over Ties to Iran

The United States has halted dollar shipments to Iraq’s cash-based economy in an effort to force the Baghdad government to ...
USA Today

Oil prices are down, but these common goods could still cost you more.

Fuel prices have ballooned since the U.S. and Israel started airstrikes against Iran. As of April 7, gasoline was up 40% and diesel up nearly 50% from six weeks earlier, before the strikes began ...