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As a Russian supply shortage looms, oil prices soar to multi-year highs

Published On 08 Mar 2022 06:43 AM


Oil prices soared on Friday, reaching multi-year highs as Russia's invasion of Ukraine progressed and oil importers avoided supplies from the world's second-largest crude supplier. Crude prices have seen their biggest weekly rise since the middle of 2020, with the Brent benchmark up 21% and U.S. crude up 26%. The most widely traded oil futures ended the day at levels not seen since 2013 and 2008.

Oil rose throughout the week ....

Tags : Oil , Russia, Ukraine, Brent crude, West Texas Intermediate,

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