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

Harvard Chooses Atheist as Head ‘Chaplain’

Harvard University’s more than 40 chaplains have unanimously…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

UN Asked to Intervene for January Protesters

The United Nations is being asked to intervene against the…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Israeli Defense Minister Meets with Abbas

In the first official high-level meeting between the sides…
Read more