WTI Crude Hits $80.72, Highest in Four Months; Gas Nears $3.50

WTI crude oil futures experienced a notable increase, settling at USD 79.72 per barrel, marking a rise of $2.16 or 2.78%. The upward trend continued as crude oil prices reached $80, a four-month high, before further rising by $1 to settle at USD 80.72 a barrel. This surge in oil prices, the highest since November 6th, has driven gas prices near $3.50, raising concerns about potential further increases.