Oil exceeds $ 105, gold jumps more than 3 percent
Shafaq News / On Thursday, oil prices continued to rise, reaching more than 105 dollars per barrel, and gold prices rose by more than 3 percent after a Russian attack on Ukraine raised fears of a war in Europe that could disrupt global energy supplies.
Brent crude prices rose to $ 105.01 a barrel, the highest level since August 14, 2014, by 0.9:23 GMT, an increase of $ 8.40, or 8.47 percent.
West Texas Intermediate crude prices rose $7.48, or 6 percent, to $99.58 a barrel, the highest since August 11, 2014.
Oil prices have risen by more than $20 a barrel since the beginning of 2022 on fears that the United States and Europe will impose sanctions on the Russian energy sector and supply disruptions.
On the other hand, gold prices jumped more than 3 percent to the highest level in more than a year, as investors turned to safe havens after the start of the invasion of Ukraine by Russian forces, following orders from President Vladimir Putin to carry out what he described as a special military operation.
And gold rose in spot transactions 1.7 percent to $ 1971.97 an ounce, after reaching its highest level since January 2021 at $ 1948.77 an ounce.
And US gold futures rose 1.8 percent to $ 1970.90 an ounce.