Brent hits $US90 for the first time since 2014
Worries about supply, and amid rising tensions between Russia and Ukraine, fuelled oil futures to their highest in seven years.
Source: afr.com
Stay updated with breaking news from Rob Thummel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Worries about supply, and amid rising tensions between Russia and Ukraine, fuelled oil futures to their highest in seven years.
Global energy markets are monitoring the potential conflict at the Ukraine-Russia border as crude oil and natural gas prices are rallying Wednesday.
Brent oil surged above $90 for the first time in seven years before paring as the market fretted over Russia-Ukraine tensions.
The energy sector and related exchange traded funds are on course for their biggest annual percentage gain on record.