Oil price surge as Russia invades Ukraine
-------------------------------------------------
Oil prices have surged past $100 a barrel to hit their highest level for more than seven years after Russia launched an invasion of Ukraine
-------------------------------------------------
CRUDE OIL PRICES ($ per barrel) Feb 24, 2022: Russia invades Ukraine
 
140 
20
100
 80
 60
 40
 20
  0


2012 2013 2014 2015 2016 2017 2018 2019 2020 2021


$125.81
$107.06

Brent: $104.71 West Texas Intermediate (WTI): $99.33

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

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

2018: U.S.-China trade war
     
$84.16
    
2014: Global financial slowdown and boom in U.S. shale oil production

$42.53
$28.94
$16.94

 Oct 2021: Russia resumes military buildup near Ukraine

-------------------------------------------------
Sources: BBC, Reuters, Trading Economics Data correct at 1230GMT, Feb 24 © GRAPHIC NEWS