JUST IN: Oil Hits $140/bbl, Traders Bet On $200/bbl Before March End

How oil spike to price last seen in 14 years is causing reactions in the U.S. as Russia says sanctions to push price to $300 per barrel Oil prices have hit $140 per barrel, a surge to their highest level in more than a decade and US stocks plummeted as the Biden administration said it would mull a potential ban on Russian energy. Brent crude oil touched nearly $140 per barrel on Monday as the market reacted to the possibility of a ban. That’s up sharply from prices that hovered…

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