Brent crude breaks the $102 price mark
Crude oil prices rose more than 5%, in trading on Thursday, and broke the $100 per barrel barrier for the first time since 2014.
The surge in prices came as political tensions increased, after Russia launched an attack on Ukraine, exacerbating fears that a war in Europe could disrupt global energy supplies.
Oil prices today
By 06:33 am GMT, the prices of West Texas Intermediate (WTI) crude futures – April delivery – rose by 5.29 percent, to reach $96.97 a barrel, after rising earlier today to $97.40, the highest level since August 2014.
Meanwhile, Brent crude futures prices – for delivery in April 2022 – rose about 5.53%, recording $102.20 a barrel, after hitting earlier its highest level at $102.48 a barrel, the highest since September 2014.