As Oil Prices Spike, G-7 Leaders Consider Releasing Reserves

Your fuel prices are skyrocketing because oil markets are in disarray. And things could get worse. In recent hours, US oil prices have skyrocketed past $110 a barrel, which are some of the most insane climbs in the record of the futures market in the US.More recently, they have paired back some of those gains. Now, this isn't cause for concern for the US economy yet, but it's an important psychological benchmark for global oil markets, and it will increasingly affect US consumers pump prices. The average pr ...