Oil prices rise on Ukraine invasion fears

Oil prices are at a seven-year high amid concerns over a possible Russian invasion of Ukraine and potential supply disruptions
 

BRENT CRUDE OIL PRICE ($ per barrel)

$125.90

2014
Global financial slowdown and boom in U.S. shale oil production

$27.67

Dec 2016
OPEC and non-OPEC members agree deal to cut output

2018
U.S.-China trade war

$21.34

Spring 2020
Prices plunge in response to impact of Covid-19

Oct 2021: Russia resumes military buildup near Ukraine

Feb 14, 2022: Peak of $96.16, highest since Oct 2014

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Sources: Reuters, Trading Economics 
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