Brent crude oil prices have surpassed the $80 mark due to escalating Houthi attacks in the Red Sea and concerns over potential disruptions in energy trade.
Elon Musk has regaled a right-wing summit in Italy with criticism of climate-change “exaggerating” environmentalists, and called on the public to stop “demonizing” fossil fuels.
Crude oil inventories in the United States rose this week by 939,000 barrels for the week ending December 15, according to The American Petroleum Institute (API).
The national average price per gallon of gasoline at American pumps is now 6.8 cents lower than a year ago, with price drops hitting their 13th week in a row and now averaging $3.03 according to GasBuddy.