Tag Archives: oil prices

U.S. stocks opened lower Monday as oil prices surged amid signs that U.S.-Israeli military strikes against Iran were expanding across the Middle East, intensifying fears of potential disruptions to global petroleum supplies. The S&P 500 fell 53 points, or 0.8%, in early trading, while the Dow Jones Industrial Average dropped …

California Gov. Gavin Newsom called Friday for a windfall profits tax on oil companies that would go directly back to California residents. While crude oil prices are down nationally, big oil companies have increased gas prices in California by a record 84 cents per gallon in just the last 10 …