Synthesized summary of key facts
“Global oil prices have hit $100 a barrel amid attacks in the Red Sea, marking the first time prices have settled above $100 since May 22.”
Global oil prices have reached $100 a barrel
Attacks in the Red Sea are the cause of the price increase
Last time prices settled above $100 was on May 22
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
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Originally reported by CBS News
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