US reading scores hit near-25

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-09 • Permanent link

Rising tensions in the global energy market have led to a sudden surge in oil prices, with the price per barrel now reaching $90, a 3% increase in the past 24 hours. This sudden spike has left American drivers feeling drained, as the price of gasoline and diesel fuel has skyrocketed. ExxonMobil, one of the largest oil companies in the world, has announced plans to increase production in the coming months to mitigate the effects of the price increase. The company's CEO, Darren Woods, stated that the decision to boost production was made in response to the rising demand for energy.

The impact of this price increase on investors is significant, as many energy stocks have seen a sharp decline in value. The price of oil has a direct impact on the profits of energy companies, and the sudden increase in prices has left many investors worried about the future of the industry. The price of oil is a key driver of the global economy, and any changes in the price can have far-reaching consequences. As a result, investors are keeping a close eye on the situation, waiting to see how the industry responds to the price increase.

Since the 1970s, the global energy market has been subject to fluctuations in oil prices, which have had a significant impact on the economy. The 1970s oil crisis, which saw oil prices rise to $12 per barrel, was a major turning point in the history of the energy industry. Since then, the price of oil has fluctuated wildly, with periods of high prices followed by periods of low prices. However, the current price increase has left many experts wondering if the industry is due for another period of high prices.

As the situation continues to unfold, investors will be watching closely for any signs of relief. The upcoming meeting of the OPEC+ cartel, which brings together oil-producing nations to discuss production levels, is expected to have a significant impact on the global energy market. If the cartel is able to increase production, it could help to mitigate the effects of the price increase and bring prices back down. However, if production levels remain low, the price of oil is likely to continue to rise, leaving American drivers feeling drained.