You may see a spike at the gas pumps, and as such Americans may cut back on travel, but it won’t likely be because of the current situation in Afghanistan, but rather the COVID pandemic. WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says Afghanistan isn’t a major oil-producing nation…
Last week’s Petroleum Status Report from the U.S. Energy Information Administration indicated crude inventory rose by 3.6 million barrels the prior week.