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You know that one friend who always finds the best travel deals, picks the right credit cards
and somehow ends up in first class for the price of coach?
If oil prices are higher, then why isn't the US producing more?
It's World Business Express from the BBC World Service.
I'm Leanna Byrne.
How is China's media taking the news that the US might postpone their trade talks and how gas shortages in India are hitting the biryani sellers in Kolkata?
The escalation in the Middle East continues to push up energy prices while the Strait of Hormuz,
the choke point for all shipping in and out of the Persian Gulf, remains effectively shut.
With me now with the latest is Fiona Sincada, Senior Market Analyst at CitiIndex.
Fiona, where are the oil and gas prices at now?
Yes, so oil prices are still hovering around that $100 a barrel level.
That's Brent.
It's up around 2% today.
Still up over 40% since the start of the conflict.
And that's basically amid supply worries with the straight-up hormones still effectively closed.
And then energy, we're still looking at a 60% gain across the month so far.
Interestingly, Fiona, there's been a wider market recovery, hasn't there been?
Yeah, this is really interesting.