Brent crude is near $140/b near all-time highs

According to the Deccan Herald on March 7, as the price of Brent crude oil soared to a nearly 14-year high of $140 on Sunday
.

North Sea Brent crude for May delivery reached $139.
13 shortly after electronic trading opened around 23 GMT, heading toward its all-time high in 2008 before retreating
slightly an hour later.

The European benchmark reached a record price
of $147.
50 per barrel in July 2008.

As of 3:30 a.
m.
GMT, Brent crude oil prices had edged down to $128.
77 a barrel, 9.
02% higher than Friday's
closing price.

Since Feb.
24, the price of a barrel of Brent crude has risen 33%.

New York's benchmark West Texas Intermediate also surged to $130.
50 a barrel for April delivery on Sunday
.
Over the next hour and a half, it also dropped
slightly.

As of 0:30 GMT, WTI crude oil was trading at $125.
15 per barrel, up 8.
18%
from Friday's close.