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Stock impact report

Wichita State expert says US oil reserves could limit price hikes amid Iran war [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
On Friday night, before the strikes, the price on the New York Mercantile Exchange was $67.29 a barrel. On Monday, crude oil was trading for over $70 a barrel. That has contributed to a rise in gas prices across the country. The average price on Monday was $2.99 a gallon, according to AAA, up from $2.93 a week ago. Wichita Iranian American speaks out as crisis unfolds overseas But Bekah Selby Leach, director of the Center of Economic Development and Business Research at Wichita State University, said a number of factors go into gas prices. Among them are market speculation, inflation, the supply chain and U.S. oil reserves. The U.S. has 415 million barrels in its strategic petroleum reserve, the largest stockpile in the world. “The bigger thing that's going to be in our advantage right now is having those oil reserves opened up in the United States that weren't there before,” Selby-Leach said. 6 troops dead in Iran operation, US military says in update For Kansans who a Show less Read more
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