Brent crude soared to $87.92 a barrel, marking an increase of almost 4%, whereas U.S. West Texas Intermediate crude experienced a rise of 4.16%, reaching $86.23 a barrel.
Climate change activist and former United States Vice President Al Gore has declared war against the fossil fuel industry, accusing oil companies of using the atmosphere at their own disposal.
U.S. District Judge James Cain of the Western District of Louisiana issued an injunction against the Department of the Interior’s (DOI) efforts to reduce offshore oil drilling by an estimated 6 million acres.
On international climate agreements, Trump reaffirmed his stance, declaring he would "once again exit the horrendously unfair Paris Climate Accords" and stand against "the radical left’s Green New Deal policies."