Business

Oil Prices Surge Amid Travel Demand

Updated 2026-05-23 19:05 UTC 1 source Neutral

Oil prices are rallying as travel demand increases during the summer season. The International Energy Agency warns that markets could enter a 'red zone.' Meanwhile, Nvidia CEO Jensen Huang predicts AI spending will exceed $1 trillion in two years.

Coverage timeline — 2 articles

CNBC

Oil resumes rally as Iran reportedly wants to keep enriched uranium within the country

The International Energy Agency warned that as travel demand grows during the summer season, oil markets could enter a "red zone" soon.

2026-05-22 00:31 UTC

CNBC

AI spending expected to top $1 trillion in 2 years. That estimate's way too low if Jensen Huang's right

"The capex is at a trillion dollars, and it's growing toward the three to four [trillion-dollar mark]," said Nvidia CEO Jensen Huang.

2026-05-21 19:39 UTC