• About
  • Advertise
  • Privacy & Policy
  • Contact
Elanza News
Advertisement
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US
  • Gbajabiamila to Aides: We Have Accomplished Much In Four Years
No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US
  • Gbajabiamila to Aides: We Have Accomplished Much In Four Years
No Result
View All Result
Elanza News
No Result
View All Result
Home Business

Russia-Ukraine Crisis: Oil Price Nears $100, Highest Since 2014

Elanza by Elanza
February 23, 2022
in Business
0
Share on FacebookShare on Twitter
This development comes after Moscow ordered troops into two breakaway regions in eastern Ukraine.

The prices of crude oil pushed closer to $100 a barrel on Tuesday, the highest since 2014, on fears escalating tensions between Russia and Ukraine could lead to disruption in supplies.

Brent crude, the global benchmark, was up $3.38, or 3.5 per cent, to $98.77 at 1000 GMT, having earlier reached $99.50, the highest since September 2014.

U.S. West Texas Intermediate (WTI) crude jumped $4.40, or 4.8 per cent, to $95.47, having earlier reached $96, also the highest since 2014.

This development comes after Moscow ordered troops into two breakaway regions in eastern Ukraine.

Late Monday, Russian President Vladimir Putin in a fiery speech announced his signing of a decree on the deployment of Russian troops to “keep the peace” in the two breakaway regions.

Following the decrees, the United States and its European allies are poised to announce new sanctions against Russia after President Vladimir Putin formally recognised the two regions in eastern Ukraine, escalating a security crisis on the continent.

Reuters quoted Tamas Varga of oil broker PVM as saying “The potential for a rally over $100 a barrel has received an enormous boost.”

“Those who have bet on such a move anticipated the escalation of the conflict,” he was quoted as saying.

-PremiumTimes

Like this:

Like Loading...
Tags: Oil PriceRussia-Ukraine
Previous Post

2023: PMB, APC Governors Agree On Swap Deal

Next Post

APC Zoning of National Offices: Coast Now Clear for Rex David to Contest

Elanza

Elanza

Next Post

APC Zoning of National Offices: Coast Now Clear for Rex David to Contest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow us on

  • Trending
  • Comments
  • Latest
Kaduna Guber:  Don’t Throw Kaduna Into Crisis, Group Warns INEC

Kaduna Guber: Don’t Throw Kaduna Into Crisis, Group Warns INEC

March 20, 2023
2023 Guber Polls: Kaduna PFN Urges Citizens Not To Despair

2023 Guber Polls: Kaduna PFN Urges Citizens Not To Despair

March 14, 2023
Breaking News: Governor Uzodinma, Wike, Bello Others Shortlisted On United States Visa Ban List

Breaking News: Governor Uzodinma, Wike, Bello Others Shortlisted On United States Visa Ban List

May 17, 2023
Review Kaduna Election Results Now, Protesters Tell  INEC

Review Kaduna Election Results Now, Protesters Tell INEC

March 23, 2023

Polygamy Major Cause Of Poverty In The North – Emir Sanusi

0

Rerun: Gunmen Hijack Election Materials In C/River, Abduct INEC Staff

0

Alleged N11m COVID- 19 Palliative In Nasarawa And The Verdict, By Musa Adamu

0

COVID-19: Senate President Distributes Palliatives To Thousands In Damaturu, Yobe North

0
CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

June 10, 2023
Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

June 10, 2023
BET Awards: Burna Boy, Tems Bag Multiple Nominations

BET Awards: Burna Boy, Tems Bag Multiple Nominations

June 10, 2023
Ramatu Commends Tinubu/Shettima Group For Their Commitment To Better Nigeria

Ramatu Commends Tinubu/Shettima Group For Their Commitment To Better Nigeria

June 10, 2023

Recent News

CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

June 10, 2023
Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

June 10, 2023
BET Awards: Burna Boy, Tems Bag Multiple Nominations

BET Awards: Burna Boy, Tems Bag Multiple Nominations

June 10, 2023
Ramatu Commends Tinubu/Shettima Group For Their Commitment To Better Nigeria

Ramatu Commends Tinubu/Shettima Group For Their Commitment To Better Nigeria

June 10, 2023
Elanza News

Elanza News is a hard copy, multimedia and digital platform that gives general news. We thrive to give accurate and timely information to our readers all over the world through our trained and experienced editorial staff. We will defend both the rich and the poor and ensure that all legitimate businesses thrive. For advert placement please call:
+234 8103858616

Follow Us

Browse by Category

  • Business
  • Education
  • Entertainment
  • Fact Check
  • Health
  • Life
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Uncategorized

Recent News

CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

CBN GOVERNOR, EMEFIELE SUSPENDED OVER 1BILLION DOLLAR TRANSACTION LINKED TO ALIKO DANGOTE

June 10, 2023
Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

Tiwa Savage Show Off Her Dance Skills As She was Left Excited To Meet Singer 9ice

June 10, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Elanza News - Designed and managed by Fidev Agency.

No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • ABOUT US
  • CONTACT US
  • Gbajabiamila to Aides: We Have Accomplished Much In Four Years

© 2023 Elanza News - Designed and managed by Fidev Agency.

%d bloggers like this: