The big story in oil markets this week has been the escalating tension between the United States...: Tom majored in International Business at Amsterdam’s Higher School of Economics, he is now working as news editor for Oilprice.com. The big story in oil markets this week has been the escalating tension between the United States and Saudi Arabia, with many analysts suggesting that crude prices could head even higher if the fued reaches a boiling point. - U.S. nuclear plant outages were relatively low throughout the summer, but spiked last month.