Omicron hangs over the oil market; plus, the hottest electric vehicles aren’t cars
By David Callaway, Callaway Climate Insights Turns out a few cases of Omicron did what President Joe Biden and other Western leaders haven’t been able to for three months: take down oil prices. Last week’s global scare from the new variant, reportedly…
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By David Callaway, Callaway Climate Insights
Turns out a few cases of Omicron did what President Joe Biden and other Western leaders haven’t been able to for three months: take down oil prices.
Last week’s global scare from the new variant, reportedly out of South Africa, turned stock markets upside down, but also caused oil prices to fall 15% from their highs above $80 a barrel. It helped that OPEC also decided to keep raising oil production, in an early bet that Omicron won’t be the world destroyer it was first feared to be.
Oil prices were back up 3% Monday morning in New York, and the stock market rallied in tandem. While we’re still a week away from any definitive analysis on the danger of Omicron, the lack of worse news over the weekend . . . .
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
