Oil surges to $100 per barrel
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World in Brief: Oil prices surge
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The price of oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world’s key supply routes.
EU freezes Russian oil price at $44.10 per barrel for 12 months. New all-time high in crude oil by September 30 at 6.7% YES.
Despite global crude oil prices sliding down to the low $70 range, retail fuel stations across Nigeria are slow to reduce pump prices, sparking widespread consumer frustration Nigerians are questioning why petrol still sells above ₦1,200 per litre ...
Stock futures on Wall Street declined Wednesday and oil prices jumped 4% as the United States and Iran exchanged fire across the Middle East. Futures for the S&P 500 fell 0.4% before the opening bell,
Aamir Makda, Commodity & Currency Analyst at Commodity Technical Research, Choice Broking, believes that as tensions rise between the US and Iran, global crude oil prices may exceed $100 per barrel, moving from a speculative concern to a likely scenario.