Oil breaks US$90 for first time since 2014 on Russia-Ukraine tensions

January 27, 2022 6:49 AM

NEW YORK (REUTERS) – Oil surged on Wednesday (Jan 26), touching US$90 a barrel for the first time in seven years, supported as tight supply and rising political tensions between Russia and Ukraine added to concerns about further disruption in an already-tight market.

Source : https://www.straitstimes.com/business/companies-markets/oil-breaks-us90-for-first-time-since-2014-on-russia-ukraine-tensions