Yahoo Finance

❌ "You can't pick a stock market bottom," Brian Sozzi says. 📉 Instead, do these 3️⃣ things: 1️⃣ Dig into your portfolio. 2️⃣ Imagine the worst-case scenario amid this backdrop. 3️⃣ Understand the company's fundamentals and do your homework. 📝

Gas prices increased by nearly $0.50 over the past week and could now rise to $4 per gallon in the coming weeks, as tanker traffic through the Strait of Hormuz has virtually halted. On Sunday evening, the price of oil crossed $110 per barrel as traffic through the key transportation route, which typically handles one-fifth of the world's oil supply, ground to a halt amid threats of strikes from Iran. Every $10 increase in crude oil prices represents a $0.25 increase at the pump for Americans. Read more, from Brooke DiPalma: https://lnkd.in/gi2ejAyD

Oil crossed $100/bbl — up to $119/bbl on both Brent and WTI — after the futures market reopened Sunday evening, and yet the conflict shows no signs of abating anytime soon. Bahrain's Bapco and Qatar's Las Raffan have declared force majeure, Iraq has cut 60% of its production, and now Aramco has announced shut-ins as well. On Sunday, Iran's ruling regime announced that Mojtaba Khamenei — seen as an equally strong hardliner like his father Ali Khamenei, with close ties to the IRGC — will serve as new Supreme Leader. In the crucial Strait of Hormuz, traffic remains at a standstill. For Yahoo Finance: https://lnkd.in/eWYAhhgu

The oilfields of Texas, Alaska, and other regions throughout the United States have made the country the world's largest oil producer, pumping more than 13 million barrels per day. That hasn't stopped gasoline prices at the pump from already rising in the week since the conflict in Iran began. The national average for gasoline now sits at $3.478 per gallon, up from $2.997 a week ago, according to AAA — a roughly 48 cent premium. The apparent contradiction reflects a basic reality of the world's energy system: Even though the US has become a crude oil superpower, gasoline prices are tied to a global market where supply disruptions thousands of miles away can quickly ripple back to American consumers. Over the weekend for Yahoo Finance: https://lnkd.in/edPT2cxt

⛽ Prices at the pump are already up by nearly $0.50 over the past week and could now rise to $4 per gallon in the coming weeks, as tanker traffic through the Strait of Hormuz has virtually halted. 💭 Every $10 increase in crude oil prices represents a $0.25 increase at the pump for Americans. On Sunday evening, the price of oil crossed $110 per barrel. ➡️ GasBuddy's Patrick De Haan said he believes there is "roughly an 80% chance the national average price of gasoline reaches $4 per gallon within the next month- or sooner." 🤔 Plus, Costco Wholesale could also see a sales lift as as prices increase, per Arun Sundaram, CPA, CFA. In his note, he said, "the historic conversion rate for gas to store traffic has been ~50% (though gas profits/ margins might soften)." I'll chat about that more with Brian Sozzi at 9:30 AM ET. 📝 In my latest for Yahoo Finance: https://lnkd.in/e6EgeMcM

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Happy International Women’s Day! If European Central Bank President Christine Lagarde calls something stupid, it probably is. #InternationalWomensDay #IWD

Christine Lagarde was once told she couldn't make partner at a law firm. She went on to become the first female head of the International Monetary Fund and finance minister of France. Today, she is the president of the European Central Bank. #InternationalWomensDay #IWD