Oil Prices Surge, Inflation Fears Rise

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The U.S. stock market remained calm on Wednesday. But the price of oil started to go up again.

Oil prices went very high, near levels from 2022. This made people worry about future global price increases.

An agency released a large amount of oil for emergencies. The Strait of Hormuz, a key shipping route, has problems.

Prices for things in the U.S. were already quite high. Experts think the war will make prices rise even more.

Some companies, like Oracle, helped limit market losses. Others, like Campbell's, saw lower profits and pulled shares down.

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What happened to the U.S. stock market on Wednesday?

The U.S. stock market remained calm.

Why are people worried about oil prices?

Oil prices went very high, near levels from 2022, which made people worry about future global price increases.

What did some companies do to help the market?

Some companies, like Oracle, helped limit market losses.

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