Oil above USD 100 and could keep going
Oil prices are soaring in response to the Russian invasion of Ukraine as traders are forced to price in sizeable risk premiums associated with the conflict. The market is already extremely tight and unable to easily contend with supply issues and, barring a shift in approach from certain producers with excess capacity, that's not going to change.
With oil prices well above USD 100 - up around 7% on the day - and gas prices surging once more, the question
24-02-2022 11:56 GMT
by Craig Erlam
