Monday, March 03, 2025 | 09:21 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Crude oil price soars to $113 a barrel as Russia-Ukraine conflict worsens

Brent crude oil price soared to $113 a barrel on Wednesday, the highest level in nearly eight years, due to disruptions in supply amid escalating Russia-Ukraine tensions.

Oil, gas

Photo: Bloomberg

ANI

Brent crude oil price soared to $113 a barrel on Wednesday, the highest level in nearly eight years, due to disruptions in supply amid escalating Russia-Ukraine tensions.

Brent crude oil price surged to $113.02 per barrel in London. Brent crude, also known as London Brent, makes up more than half of the world's globally traded supply of crude oil.

West Texas Intermediate (WTI) crude oil price jumped to $111.50 a barrel.

Crude oil prices have spiralled in the last one week after Russian President Vladimir Putin ordered a military operation in Ukraine.

The tensions between Russia and Ukraine are escalating with each passing day. Russia has continued bombardments of Ukrainian cities. Western countries, led by the United States, have tightened sanctions on Russia.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 02 2022 | 5:18 PM IST

Explore News