Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts

Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen

The brewing tensions between Russia and Nato over Ukraine have cast a shadow on how key commodities, especially crude oil, have played out over the past few days. Brent oil prices have already crossed the $90 per barrel mark – up 14 per cent in a month. And if the standoff worsens and translates into a war, analysts expect oil prices to hit $125 a barrel – up around 40 per cent from the current levels – as we head deeper into 2022.

 

“War will