Thursday, December 7, 2023
HomeBusinessOil prices jump as Russia launches attack on Ukraine

Oil prices jump as Russia launches attack on Ukraine


Related stories

5 Advantages of Working with a Full-Service Cloud Partner

Upgrading your business’s cloud infrastructure all sounds very well...

SEO-optimalisatie met Ecoteers: Boost je Online Impact

Wil je de online zichtbaarheid van je bedrijf vergroten...

A Beginner-Friendly Guide To Wcofun – An Anime Streaming Platform

WCOFun is an online anime and cartoon streaming platform...

A Blueprint to Building Domain Authority with Backlinks

Improving your website's Domain Authority is pivotal for ranking...

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021.

David Paul Morris | Bloomberg | Getty Images

Oil prices popped 3% before easing on Thursday, after Russia announced it would launch a military action in Ukraine and reports surfaced of explosions in Kyiv.

Brent crude futures were up 2.75% at $99.50 per barrel. The international benchmark earlier touched $100 per barrel. U.S. crude futures jumped by 3.02% to trade at $94.88 per barrel.

Natural gas jumped 3.33%.

Spot gold, traditionally seen as a safe haven asset, rose 1.05% and last traded at $1,927.67.

Explosions were heard in Ukraine’s capital of Kyiv, NBC News reported.

The United Nations Security Council met in New York late Wednesday as representatives from member states pleaded with Putin not to attack Ukraine.

Putin warned other countries that there would be “consequences they have never seen,” if there’s an attempt to interfere with Russia’s action, Reuters reported.

This is breaking news. Please check back for updates.

Source link

Bellie Brown
Bellie Brown
Hi my lovely readers, I am Bellie brown editor and writer of I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting

Latest stories