Crude oil prices extended their climb this week, reaching the highest since May as hostilities in the Gulf continue and the prospect of peace gets even more remote. At the time of writing, Brent crude was trading at $107.86 per barrel, and West Texas Intermediate was changing hands for $102.28 per barrel. Earlier in the week, Brent topped $108, and WTI was trading at over $103. Benchmarks have added some 13% from last week, according to Reuters.…
Oil prices could exceed $100 per barrel by the end of the week <p>Brent and WTI are trading above $100 per barrel and could end the week at this level for the first time since May. The reason is attacks on routes
and energy objects.</p>
Over the past 24 hours, the price of a barrel of Brent oil has gone from $100 to the $110 border, and today Friday, September 20, 1405 is at the $107 border.