Last year, the corona pandemic and the price war between Saudi Arabia and Russia pushed the US oil price below zero. Now the prices for oil and gas are setting new records.
In the past twelve months alone, the price of European Brent oil has risen by around 100 percent. Natural gas even recorded an increase of more than 500 percent in the same period.
It’s a heavy burden for consumers – but a financial blessing for oil and gas producers. The industry is posting high profits again for the first time since the crisis year 2020 and an end to the price increase is not in sight in the near future.
Investments in oil and gas are still worthwhile. Handelsblatt editor Jakob Blume knows how investors can now make money from rising energy prices.
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In addition: One of the most important Fed meetings of the past few years will take place on Wednesday. Experts expect the US Federal Reserve to announce that it will curb its bond purchases. Financial editor Frank Wiebe on the upcoming decisions and their effects on the financial markets.
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