Oil Prices Top $80 Per Barrel For First Time In 3 Years

Oil prices rose early on Tuesday, with Brent Crude topping $80 a barrel for the first time in three years as the natural gas shortage and price spikes spill over into the crude oil futures market. As of 7:09 a.m. EDT, the international benchmark, Brent Crude, traded up by 0.62% at $80.02—the highest level since October 2018. The U.S. benchmark, WTI Crude, was above $76 per barrel, rising by 0.87% at $76.14—the highest level since early July. Energy commodities have rallied in recent days after the natural gas shortage in Europe went…