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Rising tensions have caused market anxieties, driving up oil prices. Putin's decision to recognize the independence of Donetsk and Luhansk was denounced by the White House. A full-scale invasion of Ukraine, according to Western nations, might be approaching

Oil prices near $100 as Russia deploys troops into Ukraine

Brent crude rises $1.81 to $97.20 a barrel

By Ishika Dangayach
Published - Feb 22, 2022, 03:23 PM ET
Last Updated - Feb 14, 2024, 02:27 PM EST

• Brent crude rises $1.81 to $97.20 a barrel

• WTI crude increases $2.43 to $93.50 a barrel

Oil prices surged on Tuesday over mounting tensions between Russia and Ukraine.

International benchmark Brent crude soared $1.81 to $97.20 a barrel by 9:18 AM ET, after touching its highest since October 2014 at $99.50 a barrel.

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