Today’s surge in oil prices—rising as much as 8.4%—may feel dramatic, but it ranks as only the 38th largest daily gain since 1990, according to Jim Reid, co-head of Macro and Thematic Research at ...

The current spike in oil prices as a result of the Iran-Israeli conflict is to be viewed as a temporary phenomenon, as there is no change in oil market fundamentals, analysts say. “Oil and gas are ...