Crude prices rose more than 15% in January alone, with the global benchmark price crossing $90 a barrel for the first time in more than seven years, as fears of a Russian invasion of Ukraine grew
A pump jack stands in the setting sun on a farm outside of Midland, Texas on Feb. 20, 2019. Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. (Brandon Thibodeaux/The New York Times)
HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence.
Crude prices rose more than 15% in January alone, with the global benchmark price crossing $90 a barrel for the first time in more than seven years, as fears of a Russian invasion of Ukraine grew.
©2019 New York Times News Service