The price of oil is steadily advancing towards $100 a barrel, a mark it hasn’t hit in nearly a year, presenting fresh inflationary challenges for monetary authorities.
Oil prices steadily advance toward $100 per barrel.
The FTSE 100 is poised to benefit today due to another uptick in oil prices, which are inching closer to the $100/barrel mark.
Oil prices break $92 for first time in 10 months on tight supplies and upbeat OPEC
Brent crude has surpassed $92 a barrel for the first time this year, influenced by supply reductions from Saudi Arabia and Russia.
Saudi Minister Issues Warning to Oil Short-Sellers Prior to OPEC Meeting
Saudi Energy Minister Warns Oil Speculators to Be Cautious Ahead of OPEC Meeting.