Oil Prices

Oil Refinery Shut Down by Fire, Energy Emergency Declared

Oil Refinery Shut Down by Fire, Energy Emergency Declared

A major oil refinery in Indiana has been shut down after a fire broke out at the plant, triggering the federal government to declare an energy emergency across four states. Feds declared a regional emergency affecting Illinois, Indiana, Michigan, and Wisconsin, following the “unanticipated shutdown” of the BP Whiting oil…
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JPMorgan Issues Bombshell Warning about Where Oil Prices Are Headed

JPMorgan Issues Bombshell Warning about Where Oil Prices Are Headed

American multinational investment bank JPMorgan Chase & Co. has issued a bombshell warning about where it predicts oil prices could be heading. JPMorgan analysts predict that the price of oil could soon reach “stratospheric” levels that would be catastrophic to the economy. The price of a barrel of oil currently…
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