Crude Oil

Gas prices rose to the highest levels since 2014, amid increased demand and concerns about supply.

Oil prices on Tuesday hit a near-three-year high amid energy supply shortages, the Wall Street Journal reported.

'Oil obviously has no alternative'

WTI crude oil snaps 7-day losing streak rising to the $65 per barrel level

Last week, we were wondering: What could be more pathetic than the sight of President Joe Biden begging OPEC to increase oil production, just to make up for the U.S. and Canadian oil production that he had gone out of his way to impede from the moment he took office?

Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise.

Oil futures headed slightly higher on Thursday, with global benchmark Brent crude holding ground at its highest price since October 2018, as investors gauged signs of strengthening demand and kept an eye on any potential response to recent price rises by OPEC+.

Crude oil approached multi-year highs last week as the velocity of the demand recovery narrative nullified negative short-term data points.

Oil prices continued to grow on Friday, as the International Energy Agency (IEA) said that global crude demand would return to pre-Covid-19 pandemic levels by the end of next year.