Oil Prices Surge Again: This Time Could Be Different The price of Brent crude has climbed above $80 per barrel, while US West Texas Intermediate futures have surpassed $74.
The upward trend is driven by a mix of factors, including increased global demand and supply disruptions.
Understanding the Recent Oil Price Surge The latest oil price increase is part of a broader trend that began when major economies lifted travel restrictions and revived economic activities after the COVID 19 pandemic.