Oil reaches $130 a barrel in overnight trade as war in Ukraine continues
The war in Ukraine rattled the overnight markets. Oil surged to $130 dollars a barrel. This will have an impact across all markets today.
Investors are spooked over a possible ban on Russian oil. Over the weekend, the national average for a gallon of gas surpassed $4 dollars.
Six major ag groups have sent a letter to the White House, urging the administration to allow year-round E-15 sales to reduce costs at the pump.