Oil prices hit 4-year high amid Iran war
Summary
Oil prices went up sharply to $126 per barrel, reaching their highest point in four years. This increase happened because of tensions related to the conflict involving Iran.Key Facts
- Oil prices rose to $126 a barrel, the highest level in four years.
- The price surge occurred overnight from Wednesday to Thursday.
- The rise in oil prices is linked to the conflict involving Iran.
- After reaching the peak, oil prices fell again.
- The news was reported by CBS News MoneyWatch correspondent Kelly O'Grady.
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