Fox Business Flash top headlines for January 28
Check out what’s clicking on FoxBusiness.com.
TOKYO – Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East.
Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents on Friday. The front-month contract for March delivery expires later in the day.
The most-active Brent contract, for April delivery , was trading at $89.69, up $1.17 or 1.3%.
CHEVRON CEO: $100 PER BARREL OIL IS POSSIBLE
U.S. West Texas Intermediate crude rose 99 cents, or 1.1%, to $87.81 a barrel, having gained 21 cents on Friday.
Both benchmarks recorded their highest since October 2014 on Friday, $91.70 and $88.84, respectively, and a sixth straight weekly gain.