Reported about 17 hours ago
Oil prices reached a three-month high on January 10, 2025, with Brent crude hitting $80 per barrel as sweeping sanctions against Russia disrupt markets. The Biden administration's efforts to cut off Moscow's crude revenue, combined with increasing global demand and cold weather, have contributed to this rise. Despite the spike, analysts predict that oil prices will trend lower throughout 2025, likely settling between $60 and $80 per barrel.
Source: YAHOO