18 ianuarie 2022

Oil prices hit seven-year highs amid geopolitical instability


Benchmark oil prices climbed to their highest since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.Brent crude futures rose by $0.74, or 0.9%, to $87.22 a barrel at 1446 GMT. U.S. West Texas Intermediate (WTI) crude futures jumped $1.07, or 1.3%, to $84.89. Trade on Monday was subdued because of a U.S. public holiday. Both benchmarks touched their highest since October 2014 earlier on Tuesday. Supply concerns have risen [...]