Ammon News - Oil prices eclipsed $115 per barrel on Monday as the Iran war intensified, threatening production and shipping in the Middle East.
The price for a barrel of Brent crude, the international standard, surged to $115.31, up 24% from its Friday closing price of $92.69.
West Texas Intermediate (WTI), the light, sweet crude oil produced in the United States, was selling for $116.33 a barrel. That’s 28% higher than its close Friday at $90.90.
AFP