Morning Business Report: Oil prices surge above $100 as stocks fall; used car prices and home sales also rising
Oil prices are surging and stocks are falling as global markets react to escalating tensions in the Middle East.
(LILAMAX)- Oil prices are surging and stocks are falling as global markets react to escalating tensions in the Middle East. Crude oil prices jumped 17 percent overnight, climbing toward $110 per barrel. Oil is now about 50 percent more expensive than it was before the United States and Israel launched strikes on Iran on February 28. The spike comes as…