Global Oil Prices Surge

Photo credit: Anton Petrus | Credit: Getty Images

Global Oil Prices Surge

Global oil prices spiked on Tuesday.

On the London Intercontinental Exchange (ICE), the price of Brent crude increased by $0.12 to reach $64.75 per barrel, The Caspian Post reports.

Meanwhile, on the New York Mercantile Exchange (NYMEX), the price of Light crude rose by $0.21, settling at $62.73 per barrel.

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Global oil prices spiked on Tuesday.