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

Film Tells Children There Are ‘over 100’ Genders

BBC has created a film aimed at young children explaining…
Read more

Xi Takes Victory Lap at Davos

XI Jinping celebrates in victory a year later after the global…
Read more
U.S. Oil Surpasses $106 Per Barrel For First Time In Over Seven Years

Israel Opens Embassy in UAE

Israel recently opened its embassy in the United Arab Emirates.…
Read more