Oil rose to seven-year highs on escalated Russia-Ukraine tension
Oil rose to seven-year highs on escalated Russia-Ukraine tension
International benchmarks for crude oil ended the trading session on Friday, 11 February 2022 gaining more than 3% on worries that Russia-Ukraine tension would turn into war. Supply tightness persists.
Brent jumped $3.03 or 3.3% to close at $94.44/barrel.
WTI surged $3.22 or 3.6% to close at $93.10/barrel.