Oil prices have surpassed the $100 per barrel mark for the first time in more than three and a half years.
Brent crude reached $101.19 per barrel shortly after trading resumed on the Chicago Mercantile Exchange, rising 9.2 percent from last Friday’s closing price of $92.69.
West Texas Intermediate (WTI) was sold at $107.06 per barrel, an increase of 16.2 percent from last Friday’s closing price of $90.90.
