U.S. Oil Prices Soar Above $90 Per Barrel, Marking 14% Daily Gain
Oil prices reached their highest level since October 2023, with analysts expecting U.S. gasoline costs to rise above $3.50 per gallon by Monday.
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Terms & Concepts
- barrel: A standard unit of measure in the oil industry, equal to 42 U.S. gallons.
- gasoline price: The retail cost consumers pay per gallon of fuel derived from crude oil.