Global Oil Prices Surge To Over $100 Per Barrel And Could Go Higher
The last time oil prices topped $100 per barrel was in 2014.
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The last time oil prices topped $100 per barrel was in 2014.
The ongoing conflict in Ukraine has already propelled oil prices above $100 a barrel for the first time since 2014.
President Biden widened the slate of U.S. sanctions against Russia in response to its military moves on Ukraine Wednesday, leveling sharp economic penalties on the builder of the $11 billion Kremlin-backed Nord Stream 2 pipeline designed to carry Russian natural gas to Germany.
President Biden widened the slate of U.S. sanctions against Russia in response to military moves on Ukraine on Wednesday, but it was not enough to prevent Russian President Vladimir Putin from ordering a major escalation of his war against Ukraine.
The last time oil prices topped $100 per barrel was in 2014.