CNBC Business News Update Market MIdday: Stocks Lower, US Crude Rises To $95 A Barrel, Gas Prices Rose Again Overnight 3/13/26
7 snips
Mar 13, 2026 Markets slide as major averages turn lower and a leading tech name drags the decline. U.S. crude climbs back toward $95 a barrel after recent lows. Gas prices tick up overnight, with a national pump average highlighted. Inflation measures show mixed signals, while geopolitical energy risks and a downward growth revision raise economic concerns.
AI Snips
Chapters
Transcript
Episode notes
Oil Jumped Back Toward $95 A Barrel
- U.S. crude oil climbed to about $95 a barrel, reversing the January–February slump near $60.
- That sharp rise followed geopolitical shocks tied to the Iran war and pushed pump prices higher nationwide.
Gas Prices Rose Overnight To $3.63
- National average gas price rose to $3.63 per gallon after another three cent overnight increase.
- Gas is about 65 cents higher since the first attack on Iran two weeks earlier and was under $3 four weeks ago.
Researcher Describes Paying 60 Cents More To Fill Up
- Jessica Inskip said she paid 60 cents more week to week when filling up her car, illustrating immediate consumer impact.
- She and Contessa Brewer noted consumers pay more attention when fuel costs hit their pockets directly.