Oil Price Jumps Above $80 and Natural Gas Races Higher, Turbocharged by Supply Shortages

Soaring oil and natural-gas prices are fueling concerns about rising inflation and pressuring policy makers ahead of the Glasgow climate summit

Chartlos, Energy

10/11/2021 2:45:00 PM

Soaring oil and natural-gas prices are fueling concerns about rising inflation and pressuring policy makers ahead of the Glasgow climate summit

The extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy.

Oct. 11, 2021 5:30 am ETThe extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets thatenergy supply shortageswill offset any slowdown in the global economy.U.S. crude rose more than 2% early Monday to a seven-year high of $81.50 a barrel, bringing its climb since the end of last October to more than 120%. If sustained, it will be the first time the U.S. oil benchmark closes above $80 a barrel since October 2014, when the shale revolution set off a multiyear slump in fossil-fuel prices.

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We were energy independent in January 2021. Now we are begging Saudis for more oil?! StopTheInsanity🛢 If you ignore them, they'll go away. Runners Taking care of my debts and giving my daughter the best financially is what I’ve long waited for, thank you for helping me gain financial freedom markdonaldlisaT

horrible Before December will be above 100.00 usd If only the US had oil?!

Crude jumps on global energy crunch; U.S. oil at 7-year highOil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid supply restraint from major producers. good luck

QAnon's Deadly PriceChurch-loving surf instructor Matthew Taylor Coleman fell into online conspiracy theories, then allegedly admitted to killing his kids to save the world. How did no one see it coming? because millions of people have been brainwashed by that shit, so how can you tell who will do something like this Huwoman v. Human. Because no one knows about it

Column: Forget Russian intentions, fundamentals drove up Europe's gas price: KempEuropean policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs.

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More than a week after oil spill, cleanup crews continue combing Orange County beachesMore than 1,400 workers fanned out across the county's coastline and to area wetlands, wearing hazmat suits and carrying sifting nets as they combed the sand for black tar.

Southern California beach set to reopen after oil spillHUNTINGTON BEACH, Calif. (AP) — A Southern California beach that had been closed since an undersea pipeline leaked crude into ocean waters last week is set to reopen Monday, officials announced Sunday night. Would you go to a beach that has crude oil floating near it? sounds lovely good luck