Written by Staff Writer
07 Mar, 2022 | 1:17 pm
Oil prices continued to surge on Monday (7) morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas.
West Texas Intermediate crude futures, the U.S. oil benchmark, spiked nearly 9% higher to $126.05 per barrel. At one point the price rose to $130.50 Sunday evening, its highest since July 2008, before retreating.
The international benchmark, Brent crude, soared 9.9% higher to $129.75. Brent hit a high of $139.13 at one point overnight, also its highest since July 2008.
17 Jul, 2022 | 07:14 PM
12 Jul, 2022 | 09:55 AM
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