WTI Crude Oil Price Hits 7-Year High

The benchmark U.S. oil price jumped on Tuesday morning, hitting the highest level in seven years after OPEC+ decided to continue making only small monthly additions to oil supply.    As of 7:57 a.m. EDT on Tuesday, the U.S. oil price, WTI Crude, was up by 0.98% on the day at $78.41. This is the highest level since 2014, before prices crashed. Brent Crude, the international benchmark, was also up to a multi-year high. After closing up 2.5 percent at $81.62 on Monday—the highest level since October 2018—Brent prices had risen…