Brent Crude Nears $85 as Global Energy Crisis Worsens

Brent Crude Nears $85 as Global Energy Crisis Worsens
(AP Photo/Michel Euler)
Oil prices extended Friday’s rally into Monday, with the U.S. benchmark topping $81 and trading just shy of $82 a barrel as Europe and Asia continue to struggle to secure energy supply for the winter.
As of 8:21 a.m. EDT on Monday, the front-month WTI Crude contract traded at $81.75, up by 3.00%. The international benchmark, Brent Crude, was up 2.35% at $84.34.
Oil extended the rally from last week, which saw the U.S. benchmark topping the $80 per barrel for the first time since 2014.
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