Oil prices have hit near year lows, though the drops appear to not be holding.
The price of Brent crude oil went below $94 a barrel last week and then again on Monday. It rebounded to just above $98 a barrel yesterday before falling below $94 again earlier today. As of 1:00 pm ET, the price was back above $97 a barrel. The last time Brent crude oil prices hit such lows was February around the start of the Russia-Ukraine war, according to market data.
