WTI surges more than 6%, Brent more than 5% on Ukraine invasion

WTI surges more than 6%, Brent more than 5% on Ukraine invasion

Energy Daily

Published

Hong Kong (AFP) Feb 28, 2022

West Texas Intermediate crude surged more than six percent Monday and Brent jumped more than five percent as traders grow increasingly worried about an energy crisis after Western nations imposed fresh sanctions on Russia over its invasion of Ukraine. WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06. The United States and European Union said they would ex

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