Tuesday, February 22, 2022

Ukraine-Russia tensions: Oil surges on supply fears - BBC News

Oil and gas prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world.

The price of Brent crude oil, an international benchmark, reached a seven-year high of $99.38 (£73) a barrel on Tuesday.

The RAC warned the crisis would push up UK petrol prices further, after they hit a record 149.12p a litre on Sunday.

Russia ordered troops into two rebel-held regions in Ukraine's east after it recognised them as independent states.

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