Wed, 19 Jan 2022 13:15:04 GMT
Oil highest since 2014
Oil prices jump due to fears over tight supply fueled by a blast on a pipeline between Iraq and Turkey and geopolitical tensions in Russia and the United Arab Emirates. Brent oil futures were up 39 cents, or 0.5 percent, to $87.90 a barrel. Earlier in the day, the benchmark contract rose to $89.05, its highest level since Oct. 13, 2014.