Brent crude oil prices soared close to an all-time high on Monday as the United States and Europe consider banning imports of Russian crude.
There's also growing uncertainty over whether Iranian oil will return to the market and add to global supply.
Phoebe Amoroso reports.
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CLIP: http://fsnradionews.com/feeds/0307-brent-crude-surpasses-130-usd.mp3
DUR: 46 secs
CLIP: http://fsnradionews.com/feeds/0307-brent-crude-surpasses-130-usd.mp3