Is It Time To Freak Out About Oil Prices?

NEW YORK (CBSNEWS.COM) – President Donald Trump’s decision to take the U.S. out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts — the oil market. That’s because the U.S. will reimpose sanctions on Iran’s economy and its oil exports.
Crude oil has zoomed above $71 a barrel, returning to levels not seen since late 2014 and pushing up pump prices. Along the way, traders’ stomachs were churned by some nasty whipsaw