Oil Prices Would Soar in the US and Europe if Russia Invades Ukraine

If Russia goes ahead with Washington’s prediction of invading Ukraine, oil and gas prices across the world would soar even more.

The pandemic had already caused the worst energy crisis in recent times with oil prices shot up to seven-year highs. Now, a conflict between Ukraine and Russia has the potential to drive them even higher. 

This is because Russia is the second-largest producer of oil in the world behind ....