Oil prices up again, going above 105$ since 2014

Oil prices up again, going above 105$ since 2014

Oil prices up again, going above 105$ since 2014

Written by Amani Nilar

24 Feb, 2022 | 5:32 pm

(News 1st); Oil prices jumped again on Thursday (24), 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.

Brent crude rose $8.24, or 8.5%, to $105.08 a barrel at 1045 GMT. U.S. West Texas Intermediate (WTI) crude jumped $7.78, or 8.5%, to $99.88.

Brent and WTI hit their highest since August and July 2014 respectively.

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