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Oil prices surged to their highest level since 2008

 Last Update: 2023-03-06
 Source: Internet
 Author: User

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crude oil today

7 11 popcorn

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According to the Asei news website on March 7, Trend, citing Reuters, reported that oil prices soared to their highest level
since 2008.

As of 6:50 p.
m.
ET (23:50 GMT), Brent crude rose $11.
67, or 9.
9 percent, to $129.
78 a barrel
.
U.
S.
West Texas Intermediate crude rose $10.
83, or 9.
4 percent, to $126.
51, with the two contracts on track for their highest daily gain since May 2020
.

In the minutes leading up to Sunday's trading, both benchmark crude prices rose to their highest levels since July 2008, with Brent at $139.
13 a barrel and WTI at $
130.
50 a barrel.

Both benchmark crude prices peaked in July 2008, with Brent reaching $147.
50 per barrel and WTI reaching $
147.
27 per barrel.

U.
S.
gasoline and distillate futures also rose to all-time highs
following a surge in crude prices in the first minutes after Sunday's open.

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