Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

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Biden and Mohammed bin Salman (MBS) fist bumping.
Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.

Bandar Algaloud/Reuters

Oil prices head for a 4th monthly loss in a row, as traders keep worrying about the Fed's war on inflation

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Oil storage facility in Texas
An oil storage facility in Houston, Texas.

Mark Felix/AFP via Getty Images

European natural gas prices hit 18-month low and near parity with crude oil as Vladimir Putin's energy war fizzles

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Russian President Vladimir Putin.
Russian President Vladimir Putin.

MIKHAIL KLIMENTYEV/RIA NOVOSTI/AFP via Getty Images

Oil prices rise as the outlook for China's demand brightens and after Turkey's earthquake ignites supply concerns

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oil rig

Jason Kozlowski / EyeEm

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