
Crude oil price reaches $80 per barrel for first time in 3 years
In the international markets, the crude oil prices have crossed $80 per barrel for the first time in the last 3 years.
At the starting of 2020, the prices declined due to the COVID-19 pandemic in the entire world.
But as the vaccinations have increased and the world is gradually recovering from it, the prices have started increasing.
The energy crisis in Europe is also considered one of the major reasons for the rise in prices.
In October 2018, crude oil prices stood at $80.69 per barrel.