The Little Explorer · ages 6–8 · 2026-10-24
Oil Costs More Again
Oil is a fuel. It cost more this week.
Oil is a fuel that ships carry around the world. A barrel is a big drum of oil. On Friday, one barrel cost about $114.50. Later it cost $117.20.
Oil costs more because of fighting near Saudi Arabia. A group from Yemen, called the Houthis, said they hit places there, including airports. A big oil company moved its workers out of one office.
Saudi Arabia sells a lot of oil. When it is harder to get, oil costs more. Oil has cost more for three weeks in a row.
Why it matters
Oil becomes fuel for cars and trucks. When oil costs more, fuel can cost more too.
THE PERSIAN GULF. Oil ships sail on this sea.