Why oil prices jumped today

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 5 September 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Saudi Arabia and Russia said they’ll stick with oil production cuts through the end of the year. The two countries are trying to prop up prices for their lucrative resource, and those prices surged after the announcement. We dig into the decision. Plus: More than 800,000 people are benefiting from student loan forgiveness. Then, the rise of “girl math” and other ways people justify their enthusiastic spending.

Transcript

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0:00.0	This Marketplace podcast is supported by Vanguard.
0:03.3	It is an uncertain time and fixed income right now.
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0:43.8	Vanguard Market Incorporation Distributor.
1:00.4	In Los Angeles, I'm Kyle Rizdal.
1:03.4	It is Tuesday, today, the fifth day of September.
1:06.2	It is always to have you along.
1:08.2	Everybody, it's not a law exactly that whole supply, demand, the price thing,
1:13.2	more like a universal truth.
1:16.2	The less you have of something or the more demand there is for it, the more it's going to cost and vice versa.
1:22.2	And in practical real-life application, there is probably no better example than oil.
1:28.8	Back in April, Saudi Arabia and its allies in OPEC+.
	...

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