U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

U.S. oil prices surged 10.8% Tuesday to surpass $106 per barrel for the first time in more than seven years following concerns over Russia’s invasion of Ukraine.

The price of West Texas Intermediate crude oil briefly passed the July 2014 high mark to $106.11 per barrel, according to CNBC. The increased prices are pressuring U.S. and world leaders to increase oil production or release emergency stockpiles of oil.

READ MORE
 

U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Banks could Discriminate Based on Political Views

Senators Marco Rubio (R-FL) and Kevin Cramer (R-ND) sent a…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Macron Portrayed as Hitler

A billboard owner in France has been fined 10,000 euros for…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Can South China Sea Escalate Into War?

For several years, South China Sea seems to have become a bone…
Read more