Increasing world war risk due to escalation in tensions between US, Russia, and NATO
From Investing.com: 2024-11-18 09:48:00
President Biden approved the use of US-supplied missiles by Ukraine to strike inside Russia, escalating tensions. Fed Chair Jerome Powell signaled no rush to raise interest rates. Oil traders monitor developments closely. Gas prices remain high as inventories drop, demand surges. AAA predicts a record 80 million travelers for Thanksgiving. European gas futures reach highest level in a year due to cold start to heating season. Kremlin accuses Biden of fueling conflict in Ukraine. Putin claims Russia is at war with NATO. Refinery runs expected to increase.
Read more at Investing.com: The Energy Report: Raising World War Risk
