Oil soars past $105 as Russia's attack on Ukraine rattles markets | Oil and Gas News
Global benchmark Brent crude touched a high of $105.79 on Thursday.
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Global benchmark Brent crude touched a high of $105.79 on Thursday.
NEW YORK (Reuters) -Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another in Europe since World War Two. The United States and Europe have promised the toughest sanctions on Russia in response.
World and North American benchmark oil prices hit their highest marks in seven years.
NEW YORK (Reuters) -Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another in Europe since World War Two. The United States and Europe have promised the toughest sanctions on Russia in response.
Russia’s military operation in Ukraine raises the world oil prices to over $100 per barrel, and causing a new record high across Europe.