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

Al Qaeda, ISIS could Pose Threat in 2 Years

Al Qaeda could pose a threat from Afghanistan to the U.S.…
Read more

Bennett: ‘Wake Up’ on Iran Nuke Deal

Israeli Prime Minister Naftali Bennet said the presidential…
Read more

Democrat Suggests Stripping Catholic Church Of Tax-Exemption If Biden Denied Communion

Rep. Jared Huffman (D-CA) suggested stripping the Catholic…
Read more