Skip to comments.Oil hits 13-months highs on fears of Middle East tensions
Posted on 02/14/2021 10:14:27 PM PST by RomanSoldier19
Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support.
Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 0428 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
U.S. West Texas Intermediate (WTI) crude futures gained $1.28, or 2.2%, to $60.75 a barrel. It touched the highest since Jan. 8 last year of $60.95 earlier in the session.
Oil prices gained around 5% last week.
The Saudi-led coalition fighting in Yemen said late on Sunday it intercepted and destroyed an explosive-laden drone fired by the Iran-aligned Houthi group toward the kingdom, state TV reported, raising fears of fresh Middle East tensions.
(Excerpt) Read more at reuters.com ...
And Xiden cheered.
Four weeks ago reg gas was around 175 to 185 here.
Its now at 225 to 235.
All because of pig face Joe and his Ho.
biden has accomplished a lot in 3 weeks. Bit maybe the increased price will spur production. Probably not in America, but we’ll see.
Amazing. “Middle East tensions” were in a nosedive in the last administration. It’s only the ruinous policies Biden is contemplating, in and of themselves, that are increasing tensions
She can pour oil all over my motor anytime! :)
No, because biden screwed this country over with the Keystone pipeline EO.
Middle East tensions? Couldn’t be canceled keystone pipeline tensions? Great reporting.
The Dem bastards stole the election and here we are just three weeks later probably preparing to go to war for Middle East oil again.
Except this time, with all the "woke" in our armed forces, we will be in no position to fight.
If you absolutely want to ruin your sleep tonight, read "Air Mobility Command vows to improve diversity and culture of inclusion." Here's the direct link to the Air Mobility Command Twitter feed where you can see some of our premier warriors discussing tolerance, diversity, inclusion, and all sorts of vomit-inducing woke blah, blah.
The day before they were claiming that it was because of short supply. We all know it’s because of finger’s policies and EOs.
All part of the Biden plan.
He wants less jobs. He wants less reliable energy. He wants more poverty. He wants snark businesses to close. He wants the cost of energy to be unaffordable. He wants socialized, rationed medicine.
He, actually also his handlers, want the complete subjugation of anyone who doesn’t think like them. It’s the Democrat plan.
The hit just keep rollin in...
Nice excuses to defend Chomo Joe’s role by basically shutting down US oil exploration.
Seems the regime’s media shills think they can convince people of anything the regime needs.
Joseph Stolen is an idiot
What Middle-Eastern tensions?
Just two months ago there was a peace initiative sweeping
across the Middle-East.
Joe killed the pipeline. He has clamped down on government
land oil leases. He’s talking down ICE cars.
Yeah, Middle-Eastern tensions...
Is the White House considered to be in the Middle-East now,
because these idiots who wouldn’t know a single chapter of
They’d move the Israel Embassy back to Tel Aviv if they
could find the place on a map.
They’re still looking for Aviv, so they can Tel her.
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