Features / Oil prices

Oil Prices Soar to Highest Point Since 2008 Amidst Fierce Russia-Ukraine Conflict

Oil priced has achieved the highest record since 2008 post the announcement of U.S that it discusses with Europe to ban imports of Russian oil and natural gas. At the first minutes of Monday trade Session, brent crude rose to $139.13 per barrel and West Taxes Intermediate (WTI) recorded $130.5 per barrel.

US, Allies Scramble to Stabilize Oil Prices Amid Russia-Ukraine Conflict

The US has agreed with its allies, the member countries of the International Energy Agency (IEA), to pump 60 million barrels of crude oil from their reserves into the market.

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