“Crude jumps to multi-year highs on global energy crunch”
October 11, 2021
“Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT, its highest since October 2018. U.S. West Texas Intermediate (WTI) crude rose $1.71, or 2.2%, to $81.06 for its highest since late 2014. “Oil prices are likely to continue climbing in the short term,” said Commerzbank analyst Carsten Fritsch… Prices for coal, gas and electricity have also surged to record highs in recent weeks, driven higher by widespread energy shortages in Asia, Europe and the United States…”
https://finance.yahoo.com/news/oil-gains-energy-demand-rises-021716173.html