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Oil Prices are Back to Seven Year High

TheMotleyFool

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Oil Prices are Back to Seven Year HighPhoto, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png

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The biggest earworm of 2014 was Pharrell's infectious "Happy," and while yesterday harkened back to those perkier times, it was more reminiscent of B.B. King's "Inflation Blues."

Oil prices hit a more than seven-year high Tuesday as international benchmark Brent rose 2% to $88.13 a barrel, the highest since it reached $115 in October 2014. Investors placed bets that demand for crude could soon outstrip supply, putting more fuel in the tank of global inflation.

Source Fool.com

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