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Mideast Stocks: UAE Stocks Slide as Oil Drops on Supply Jitters
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Oil Prices Tumble As Competition Revives Supply
When a sharply lower price per gallon pops up at local gasoline pumps, it can induce a momentary cognitive dissonance. I mean, where is inflation? During the first 10 months of President Donald Trump’s second term, the price of oil has slid markedly. It is now, in mid-October, around $57 per barrel, down from about $70 in late July — a drop of roughly 20 percent in three months. It is the lowest in almost five years: that is, since Trump ended h…
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