Crude Oil Prices Surge to 7-Year High on Tight Demand, Iraq Pipeline Blast https://www.dailyfx.com/forex/market_alert/2022/01/19/Crude-Oil-Prices-Surge-to-7-Year-High-on-Tight-Demand-Iraq-Pipeline-Blast.html WTI crude oil prices extended higher to $87 bbl, a level not seen since October 2014. A key oil pipeline from Iraq to Turkey was hit by an explosion, adding pressure to an already tight market.

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