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Russia-Ukraine Issue Boosts Oil Prices

Published On 29 Jan 2022 07:34 AM


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Oil prices soared once again on Thursday as fears of the conflict between Russia and Ukraine intensified. If Russia continues with its plan of invading Ukraine, the energy supply line to Europe could be disrupted. 

The heightened fear of this happening sent the Brent crude rising by 0.43 percent to 89.70 dollars per barrel.

The West Texas Intermediate crude of the United States also saw an increase of 0.50 percent duri....


Tags : Russia, Ukraine, Oil, Barrel, OPEC,
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