Oil Prices Stay Above $100 After Weekend Surge to $119
Crude oil maintained levels above $100 per barrel following a sharp spike to $119 on Sunday, indicating continued market volatility driven by global supply concerns.
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Terms & Concepts
Crude oil: A naturally occurring fossil fuel used to produce gasoline and other petroleum products; its price often impacts global inflation and energy markets.
Oil price spike: A sudden increase in crude oil prices caused by factors such as supply disruptions, geopolitical tensions, or high demand.