Business Rundown: “OPEC Hangover” Foreshadows Oil & Gas Price Headaches
As the summer heats up, so do concerns about oil. OPEC+ has more production cuts planned into 2025, meaning oil and gas prices in the U.S. could grow higher. In the markets, meme-stocks made headlines Monday morning as GameStop shares jumped over 70 percent.
Fox Business’ Kelly O’Grady speaks with Phil Flynn, senior energy market analyst with the PRICE Futures Group and FOX Business Network contributor, about all of this and the upcoming May jobs report.
At the end, Phil weighs in on the inflation-proof $1.50 hot dog and soda combo at Costco and the attractive nature of airline upcharges.