Oil prices soar as Russia's Ukraine invasion fuels supply concerns | Main | Spanish edition

Oil prices soar as Russia's Ukraine invasion fuels supply concerns | Main | Spanish edition

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The price of Brent crude on Wednesday exceeded $110, its highest price since 2014 as Russia’s invasion of Ukraine raged on and international sanctions against Moscow began to bite.

Fears of a global oil supply crisis following Russia’s military assault on Ukraine prompted Ryanair director Michael O’Leary to urge western nations to ramp up the production of oil at tame soaring prices.

Brent crude on Wednesday was trading at $111.59 on the London futures market, a 6.3% increase on Tuesday figures.

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About Jose Alexis Correa Valencia

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