Oil makes a break for the summit

Oil prices reached four-year highs of around $80 this week. And the fundamentals of the market point to even higher prices in the short term.

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Iran's output will fall by more than 50% as a result of US sanctions
(Image credit: Credit: MARIUSZ PRUSACZYK / Alamy Stock Photo)

Oil prices reached four-year highs of around $80 this week. Traders braced for storms heading towards the US. Motorists filled up their tanks in anticipation, says the Financial Times. Oil-market experts were also monitoring any impact on supplies from the Colonial pipeline, a major conduit between the Gulf coast and the New York region.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.