Marketplace Morning Report A wild ride for oil prices
Mar 10, 2026
Carla Javier, a reporter who covers consumer safety and product recalls, mines why recalls surged in 2025 and how regulators responded. Elizabeth Troval, an energy and oil markets reporter, breaks down recent oil price swings and whether higher prices will prompt U.S. producers to drill more. Short, timely takes on market volatility and safety oversight.
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Higher Prices May Not Trigger Immediate U.S. Drilling
- Oil spiked to $117 then fell to $92 but remains about 30% above pre-war levels, keeping producers highly profitable right now.
- Elizabeth Troval reports U.S. firms are hesitant to ramp drilling because the price jump is conflict-dependent and drilling takes months to add output.
Postwar Prices Could Keep U.S. Output Flatter
- Even if the conflict ends, prices could settle higher than they would have been without the war, muting expected 2026 production declines.
- Abhi Rajendran and others say modest Permian growth plus smaller declines elsewhere could make U.S. output flat or slightly up later in the year.
Anthropic Pushes Back Against Pentagon Use
- Anthropic is publicly resisting Pentagon use of its AI, claiming the Defense Department labels foreign firms and violates its free speech rights.
- The dispute escalated to public statements from Defense Secretary Pete Hegseth and President Trump ordering agencies not to work with Anthropic.