Russia-Ukraine – oil to hit $100 per barrel?

What is the state of play in the Russia-Ukraine oil situation today?

Today’s This is MONEY and Telegraph cover the escalating tensions between Russia and Ukraine, and whether oil could hit $100 per barrel.

UK shares lost £45bn in value yesterday amid reports Russia could invade Ukraine imminently. Heavy losses were also recorded on Wall Street and in Asian markets as traders and investors de-risked.

This is MONEY / Telegraph – 14th February 2022
“All bets are off, bar oil. Traders are speculating on oil hitting $100, with a week of rising Russia-Ukraine tensions ahead”.^{1 2}
Marc Kimsey, Frederick & Oliver.

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1 – Source: www.telegraph.co.uk/business/2022/02/14/petrol-prices-surge-fresh-record-high/

2 – Source: www.thisismoney.co.uk/money/markets/article-10512129/Ukraine-fears-rock-global-markets-45bn-wiped-value-UK-shares.html

By Marc Kimsey