Oil just hit $100 a barrel. Here's why it matters.
Oil is the backbone of the global economy. It fuels the majority of transportation and factories on earth. When the price of oil rises, so do the prices of everything else. As of today, WTI crude, which is the main U.S. oil benchmark, is trading above $100 a barrel for the first time since 2022. It hit $119.48 overnight, but has now lowered to around $102.50. So what exactly happened to cause such a major disruption in oil prices? The U.S. and Israel launched military strikes
The U.S. economy: Slowing down, but not falling apart
The economy of the United States grew 1.4% in the last quarter of 2025. That's slow growth, but regardless it's growth. Inflation is at 3%, however the Federal Reserve's target is 2%. That difference is important because it means that the Fed is unlikely to cut interest rates soon. This means borrowing costs are high for Americans. The U.S. added 130,000 jobs in January and unemployment is at 4.28%. That seems to be alright until we examine closer. The average monthly job gro
