Oil price soars after Ukraine invasion

Oil prices have surged to over $125 a barrel as the United States and European allies explore a ban on imports of Russian supplies


CRUDE OIL PRICES ($ per barrel) 

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

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

2018: U.S.-China trade war

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

Feb 24, 2022: Russia invades Ukraine

Brent: $125.75 
West Texas Intermediate (WTI): $123.07

140 	$125.81
	$107.06
120 
100 
80 				$84.16
60 
40 					$42.53
20			$28.94
0						$16.94
	2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
    

Data correct at 1030GMT, Mar 7


Sources: BBC, Reuters, Trading Economics  
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