Home » Ukraine crisis, escalation of Russia-US tensions: oil at a record in seven years, Brent to over $ 96

Ukraine crisis, escalation of Russia-US tensions: oil at a record in seven years, Brent to over $ 96

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Ukraine crisis, escalation of Russia-US tensions: oil at a record in seven years, Brent to over $ 96
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Oil prices soaring to record in more than seven years, discounting fears about a possible invasion of Ukraine by Russia, which could result in severe US and European sanctions against the top oil producing country.

Brent futures advanced more than 1 percentage point to $ 95.56 a barrel, after testing $ 96.16, a record since October 2014. The WTI contract traded in New York rose to an intraday record of $ 94.94. highest value since September 2014.

In the last few hours, US President Joe Biden, according to reports from the White House, told Ukrainian President Volodymyr Zelensky that the United States, together with its allies, “will respond quickly and decisively” to an aggression by Vladimir’s Russia. Putin.

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