Oil prices rise to $70 per barrel for the first time since 2014

NewsFix
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Data pix.

HOUSTON - Iran is turning up the heat with oil prices! Prices that are guaranteed to burn your pockets at the pump.

U.S. oil prices rise above seventy dollars for the first time since 2014. The sudden surge comes ahead of President Trump's big decision on the Iranian nuclear deal and just in time for summer vacation.

The rising price of crude oil affects more than just your gas tank. Crude oil is used to make everyday consumer products such as plastics and other chemicals impacting your daily shopping habits.

Chief energy officer Ramanan Krishnamoorti with the University of Houston says, "Rising crude oil prices is a positive thing for Houston the Energy Capital of the World."

Stay tuned to see how this one turns out.

LOCAL VIDEO

Hidalgo, Turner ask for evictions to be postponed

Thumbnail for the video titled "Hidalgo, Turner ask for evictions to be postponed"

Morning Dose, Shannon LaNier - Drive-In Movies Comeback

Thumbnail for the video titled "Morning Dose, Shannon LaNier - Drive-In Movies Comeback"

Pandemic plugs sewer pipes with wads of wipes

Thumbnail for the video titled "Pandemic plugs sewer pipes with wads of wipes"
More Video

Days

Hours

Minutes

Seconds

Latest Weather Forecast

More Weather

Don't Miss

Latest

More Morning Dose

Popular