Oil prices surged to their highest levels in three years as a rolling power crisis triggered government shutdowns in China and investors fear a global power crisis, TheStreet's Martin Baccardax reported.
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European natural gas prices have risen 500% over the last year. In Britain, the majority of gas stations are closed amid panic buying and shortages linked to a shortage of drivers and haulers.
Gasoline prices have also been on the rise in the U.S. with the average price of gasoline sitting at $3.189 according to AAA data.
WTI futures for November delivery started the week at $75.42 per barrel and brent contracts for the same month were up $1.41 at $79.50 per barrel, the highest in three years, Baccardax reported.
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Recap TheStreet Live: Everything Jim Cramer Is Watching 9/27/21