Both contracts rose by at least 3 percent last week. Surging demand coupled with supply shortages has sent crude prices to a near three-year high. The price of oil in New York on Monday soared to its highest since More from Economy.
China-US declaration on climate only first step, analysts say. Mexico raises interest rates for the fourth consecutive time. Fuel crisis starting to ease, Johnson says. Key workers struggling to travel amid fuel issues.
What's in short supply and why? Oil producing nations agree deal to control prices. Image source, Getty Images. Brent crude hit its highest level in three years. Fuel crisis starting to ease, Johnson says Petrol prices at eight-year high amid fuel crisis Army put on standby to ease fuel crisis.
A dramatic surge in natural gas prices has made oil a relatively cheaper alternative. Bleak picture. View comments. Remove some to bookmark this image. You are now subscribed to our newsletters. Premium Premium Day trading guide for Friday: 8 stocks to buy or sell t Experts predict t Premium Premium Pressure mounts on equities amid inflation worries. Premium Future told to halt asset sale process. Subscribe to Mint Newsletters. Internet Not Available.
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