Markets
March 9, 2026
Crude Oil Prices Spike as US Oil Blasts Past $113 in Record Rally
Crude oil prices surged past $113 per barrel on Monday, hitting levels not seen since June 2022 after the Strait of Hormuz was effectively shut down. Oil futures are up 68% this month, on track for the biggest monthly gain in recorded history. The oil price shock is already being compared to the 1970s energy […]