Oil rises on Iran fears, but expert says supply is strong — what it means for prices

As fears grow that a potential U.S. strike on Iran could choke off global oil supplies and send prices soaring, former Energy Secretary Dan Brouillette says strong American production is keeping a lid on a $100-a-barrel price shock for now. "What we are not seeing is a lack of supply in the marketplace. That is traditionally what would drive prices higher. That is not the case today," Brouillette said Monday.Instead, he said the recent jump reflects traders factoring in the possibility that escalating tensi ...