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.
U.S. energy secretary hopeful Saudi, Russia to end oil row this week
WASHINGTON (Reuters) – U.S. Energy Secretary Dan Brouillette said on Monday that after speaking with the energy ministers of Saudi Arabia and Russia he believes the countries will cut oil