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

Should Surveillance Technology be Banned?

Surveillance technology is being adopted on a massive scale…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

UK Blames Trump for Afghanistan Chaos

British Defense Secretary Ben Wallace has recognized that the…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Taliban Control Creates New Regional Risk

Now that the Taliban have taken over Afghanistan the balance…
Read more