The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring

Just ahead of the winter season, Europe’s natural gas crunch created a snowball effect in global energy markets. What started as very low gas inventories in Europe during the summer is now spilling over into oil, natural gas, and coal prices all over the world, with no quick fix or signs of a major short-term correction in sight.   Brent Crude Prices Near $80 Brent Crude prices topped $79 per barrel early on Monday – the highest level in three years. Prices are now headed for $80 – a level which some analysts had forecast in the…

via OilPrice

Categories: Energy