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Oil races back above $100 a barrel
Source: CNN Business
Matt Egan, CNN Business//April 12, 2022
Oil races back above $100 a barrel
Source: CNN Business
Matt Egan, CNN Business//April 12, 2022
New York (CNN Business) – Turbulence in the oil market continued on Tuesday, with crude prices soaring back above $100 a barrel on concerns about a loss of supply of oil from Russia and signs that lockdowns in China may be easing.
US crude jumped 7% to $100.84 a barrel in recent trading. Brent crude, the world benchmark, gained 6.2% to $104.62 a barrel.
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