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U.S. crude oil tops $130 a barrel, a 13-year
high on possible Western ban of Russian oil

Original Article

Posted By: Dreadnought, 3/6/2022 8:43:03 PM

U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia's ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. West Texas Intermediate crude futures, the U.S. oil benchmark, traded 8% higher to above $125 a barrel, the highest since July 2008. At one point the price rose to $130.50 Sunday evening before retreating. The international benchmark, Brent crude, traded 9% higher to $128.60, also the highest price seen since 2008. Brent hit a high of $139.13 at one point overnight. "Oil is rising on the prospect for a full embargo

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Reply 1 - Posted by: formerNYer 3/6/2022 9:11:03 PM (No. 1092098)
Our local news (nbc-dnc) affiliate blamed the higher prices on the waw. I'm, going to call tomorrow and give the news director a piece of my mind. I'm also going to call a couple of sponsors too.
9 people like this.

Reply 2 - Posted by: Ida Lou Pino 3/6/2022 10:21:30 PM (No. 1092145)
It's because of Putin - - it's because of Wuhan flu - - it's because of white supremacy - - it's because of racist cops - - it's because of gullible warming - - it's because of voter suppression - - it's because of - - ummmm - - it's - - it's because of TRUMP!
8 people like this.

Reply 3 - Posted by: Petronius 3/6/2022 10:40:41 PM (No. 1092154)
Thanks Brandon, you idiot. :( Next up, a massive recession.
9 people like this.

Reply 4 - Posted by: SweetPea3 3/7/2022 5:28:49 AM (No. 1092259)
In addition, I read somewhere that Russian crude is among the poorest, dirtiest crude produced. Has anyone else heard this?
1 person likes this.

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