Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

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Oil refinery

(Photo by Janos Kummer/Getty Images)

Expect $100 to be the new normal for oil prices thanks to production cuts, higher interest rates, and lack of investment, JPMorgan energy analyst says

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Crude

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A Saudi Arabian airline said an A330 plane was involved in an 'accident' at Khartoum airport in Sudan

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Heavy smoke bellows above buildings in the vicinity of the Khartoum's airport on April 15, 2023, amid clashes in the Sudanese capital.
Heavy smoke in the vicinity of the Khartoum's airport on Saturday.

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Brace for oil prices to spike toward $100 a barrel with OPEC's cuts set to squeeze supply in time for driving season, energy analyst says

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Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further.

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Credit Suisse shares tumble more than 20%, leading a plunge in European bank stocks

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This illustration photo shows a sign with the logo of Switzerland's second largest bank
Credit Suisse

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