Brent Crude Oil Hits $100, Highest in 8 Years on Russia's ‘Military Operation’ in Ukraine
2 years, 10 months ago

Brent Crude Oil Hits $100, Highest in 8 Years on Russia's ‘Military Operation’ in Ukraine

News 18  

Brent crude oil prices hit $100 per barrel for the first time since 2014 as Russian President Vladimir Putin had approved a special military operation in Ukraine’s Donbass region in the early hours of Thursday morning. “Sanctions by the US and other countries forcing Russia to supply less crude or natural gas would have substantial implications on oil prices and the global economy. “Crude oil prices rebounded strongly reversing earlier losses as reports of cyberattack on Ukraine’s government, foreign ministry and state security websites added to fears about escalating tensions with Russia. “Crude oil is expected to trade with a positive bias for the day amid mounting tension between Russia and Ukraine and forecast of decline in US crude oil stockpiles.

History of this topic

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