Oil prices soar as Ukraine conflict stokes supply concerns
Zee News
U.S. West Texas Intermediate (WTI) April crude futures were up $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53.
New Delhi: Oil prices surged on Tuesday as concerns over supply disruptions after Russia`s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release.
May Brent crude futures were up $4.58, or 4.67%, to $102.55 a barrel by 1331 GMT after hitting an intraday high of $104.60. The benchmark touched a seven-year high of $105.79 after the invasion began last week.
U.S. West Texas Intermediate (WTI) April crude futures were up $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53.
A Russian armoured column bore down on Ukraine`s capital Kyiv on Tuesday after deadly shelling of civilian areas in its second largest city.
Russia said on Tuesday its forces had cut off the Ukrainian military from the Sea of Azov north of the Black Sea.
