U.S. Oil Price Rockets Into the $90s For First Time Since 2014

We’ve had two major boom/bust cycles since then, but 2014 was the last time the price for a barrel of West Texas Intermediate topped the $90 mark. That is, until Thursday afternoon, when the index price hit that level again as crude prices had risen by 2% on the day. Since January 1, the price for WTI has risen by 19%. The price continued its boom on Fr…