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The average price of gasoline hit $3.86 per gallon on Thursday, according to AAA. Prices were $0.06 higher than a week ago, and $0.16 more than exactly one year ago.
Oil prices rose on Tuesday amid tight supplies and speculation over what $100 oil could do to the economy.. West Texas Intermediate settled at $90.39 per barrel on Tuesday while Brent also closed ...
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Oil was volatile in the weeks preceding the retaliation, with Brent touching $80 per barrel as traders speculated whether Israel would strike against Iran’s oil infrastructure. The White House ...
Oil prices are closing in on $95 per barrel as production cuts from Saudi Arabia and Russia continue to impact global markets, keeping gas prices near summer highs at a time when drivers typically ...
Brent , the international benchmark price, also slipped 4.6% to close at $77.18 per barrel after touching its highest levels since August during the prior session.
However, Brusuelas said oil prices would have to spike much higher – to around $115 to $130 per barrel – before it raises the specter of a recession. Gas prices climbed to $3.58 a gallon on ...
Oil futures jumped more than 2% on Friday as signs of supply tightness sent prices higher. West Texas Intermediate futures surged above $80 per barrel during intraday trading for the first time ...