Tag: oil prices

BUSINESS

Oil Prices Gallop!

Oil prices run up to about 4 percent on Friday as United States gasoline prices jumped to a record high. This move comes as China seeks to ease pandemic restrictions and investors worry about whether supplies will tighten if the European Union bans Russian oil. Brent futures rose $4.10, or 3.8 percent, to settle at $111.55 a barrel. US West […]

BUSINESS

Oil Prices Rachet Up

Oil prices are playing the market as Russia stepped up its war against Ukraine. Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including the oil in response to the country’s invasion of Ukraine. WTI crude oil popped as much as 7% to trade above $128 per barrel. […]