By Bryan Jung U.S. oil prices shot above $90 a barrel for the first time in 10 months, a bad sign for the Federal Reserve. The surge in oil prices is expected to push gasoline prices up even higher and worsen already rising inflation rates across the economy. The latest jump in energy prices is beginning […]
Tag: OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organization or cartel of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members, it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state.
