Oil set for weekly gains due to Red Sea attacks
Freight rates have also soared as more ships are choosing long routes to avoid the Suez Canal and the Red Sea, where Houthi rebels in Yemen are attacking oil tankers and container ships.
Oil prices recouped Thursday's losses when Angola announced it was withdrawing from OPEC, bringing the cartel down to 12 countries.
Luanda's withdrawal stemmed from a dispute over production quota but is not expected to affect oil supplies or the group's efforts to prop up prices.
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.