Get all your news in one place.
100’s of premium titles.
One app.
Start reading
France 24
France 24
Business

Oil prices jump to highest level since 2014 on supply concerns

BUSINESS DAILY © FRANCE 24

Oil prices have jumped to their highest level since 2014 after the drone attack on fuel tankers in the United Arab Emirates and amid broader concerns about supply in the market. In early trading on Tuesday, the international benchmark Brent Crude rose above $88 per barrel. Oil producers are sticking to their planned supply increases, despite surging demand. The rising cost of fuel is set to hit consumers, who are already facing the highest inflation rate in decades. FRANCE 24's Business Editor Stephen Carroll tells us more.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.