Brent soars to $119, highest since May 2012, as US sanctions target Russia
US sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brent charged towards $120 a barrel, its highest in almost a decade.
Brent crude futures rose as high as $119.84 a barrel, the highest since May 2012. The contract was at $119.78 a barrel, up $6.85, or 6.1%, by 0752 GMT. Read more
Reliance Nippon Life's Sunil Agrawal named CFO of LIC ahead of mega IPO
Ahead of its public listing, Life Insurance