Oil Prices Are Once Again on the Brink of $100 The recent surge in oil prices has brought back memories of the dark days when $100 a barrel seemed like a constant threat.
But this time, it's not just a matter of geopolitics and market fluctuations – it's a symptom of a deeper issue that's been brewing under the surface.
Europe's gas prices have skyrocketed to €75 per MWh, their highest since 2022, due in part to low inventories sparking fears of winter supply shocks.