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Crude oil price soared again – barrel over US$ 100

The price of crude oil in the global market has soared again, marking a barrel of crude oil over US$ 100.

The price of a crude oil barrel was less than US$ 100 in recent days, but has soared over the margin, marking US$ 107 per brent barrel and US$ 104 per WTI barrel.

The crude oil price indicated a promising decline upon the signs of the Russian-Ukrainian war being cooled down, but hopes for a ceasefire have been dashed recently, giving another strike on the prices.

MIAP

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