Oil prices surge past $100 a barrel as Putin declares war on Ukraine
- Last updated: February 24, 2022 | 10:56
Models of oil barrel are seen in front of displayed rising stock graph and words "100 Dollars" in this illustration. File/Reuters
Gulf Today Report
Oil prices have topped more than $100 a barrel for the first time since 2014 after Vladimir Putin announced a Russian invasion of Ukraine, according to the Independent.
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Brent crude reached highs of $102.48 a barrel on Thursday morning, rising by more than 5 per cent as reports of explosions in Kiev and other major cities in the country filtered across the globe.
Meanwhile, Asian stock markets plunged on opening on Thursday, with market benchmarks in Tokyo and Seoul falling 2 per cent. Hong Kong and Sydney lost more than 3 per cent.
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