WTI Oil Price Breaks $80 For The First Time Since 2014

Oil prices rose early on Friday, headed to another week of gains with the U.S. benchmark reaching $80 per barrel, as the world scrambles for natural gas and coal supply for the winter. As of 10:29 a.m. EDT on Friday, WTI Crude was up 2.03% at $80.05, and the international benchmark, Brent Crude, had risen 1.76% to $83.39. Oil prices were headed to a 4-percent gain this week amid restricted supply and rising demand, also due to a gas-to-oil switch amid record-high natural gas prices in Europe and Asia. The OPEC+ group kick-started this week’s…