Ukraine Crisis Sends Oil Soaring
NEW YORK (Reuters) - Crude oil futures rose to their highest levels since 2014 on supply concerns while Wall Street equities fell a day after Russian President Vladimir Putin ordered troops into the Donetsk and Lugansk regions of Ukraine.
Brent crude was last at $97.03, up 1.72% on the day, after earlier topping $99 for its highest level since September 2014, reflecting fears that Russia’s energy exports could be disrupted by any conflict. U.S. West Texas Intermediate (WTI) crude was last up 2.04% to $92.93 per barrel after earlier hitting $96, its highest level since August 2014.