For The First Time Since 2014, The Brent Barrel Exceeded The $98 Barrier
Earth News/ Oil prices rose today, Tuesday, above the level of 98 dollars a barrel, for the first time since September 2014, in light of the escalation of tension over the Ukrainian crisis.
By 11:15 local time, US crude futures “West Texas Intermediate” rose by 4.62% to $ 95.28 a barrel.
Brent crude futures rose 3.46% to $98.69 a barrel, according to Bloomberg website data.
The rise in oil prices comes as investors fear that oil supplies from Russia, one of the world’s leading crude producers, will be affected by the Ukrainian crisis.