US stock indices rose during Monday’s trading, erasing the sharp losses recorded earlier in the session, as the war in the Middle East and the resulting surge in oil prices revived concerns about inflationary pressures.
Observers believe that the sharp rise in oil prices caused by ...
When oil reached $55 per barrel in late 2025, drilling and completion activity across the industry had already slowed sharply. A few months later, the war in Iran erupted, pushing West Texas Intermediate (WTI) crude above $100. Normally, that price level would signal a major surge in drilling ...