Human Rights

Oil prices clamber towards 7-year highs on Russia-Ukraine tensions

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Reuters UK

By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. and Europe and disrupt energy exports from the world’s top producer. Brent crude futures was at $95.73 a barrel by 0109 GMT, up $1.29, or 1.4%, after earlier hitting an intraday high of $95.91. U.S. West Texas Intermediate (WTI) crude rose $1.49, or 1.6%, to $94.59 a barrel, hovering near a session-high of $94.92. Comments from the United States about an imminent attack by Russia …

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