Brent crude, the international oil benchmark, has surpassed $120 a barrel, reaching a two-month high as gasoline and diesel fuel prices continue to rise. The U.S. oil benchmark, West Texas Intermediate, also rose, reaching more than $116 a barrel. The price spike comes at a time when demand in the United States is expected to rise with the start of the summer driving season and European leaders are trying to reach agreement on a Russian oil embargo. The last time Brent crude breached $120 a barrel was in late March, shortly before President Biden authorized the release of 1 million barrels a day for a period of six months from the Strategic Petroleum Reserve. That move s
Hence then, the article about brent crude breaks 120 a barrel as gas prices soar was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Brent crude breaks $120 a barrel as gas prices soar )