Oil prices rise above $100 a barrel as Biden fails to secure an oil output deal with Saudi Arabia
July 18, 2022 at 07:20 AM EDT
Oil prices rose Monday as supply pressures brew following President Joe Biden's visit to Saudi Arabia. The Brent crude, global benchmark rose 2.69% to $103.79 a barrel — set for its biggest one-day rise since early July. Last week, it dropped for a fifth straight week, under pressure from concerns … Source
