Oil jumps 5% to over US$121 as Caspian pipeline disruption adds to supply fears

March 24, 2022 7:27 AM

NEW YORK (REUTERS) – Oil prices jumped 5 per cent to over US$121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies.

Source : https://www.straitstimes.com/business/companies-markets/oil-jumps-5-to-over-us121-as-caspian-pipeline-disruption-adds-to-supply-fears