Oil prices surge as fears about Russian crude supplies intensify
The global benchmark topped $113 briefly on Wednesday, just days after it crossed the triple-digit mark for the first time in seven years.
by Camila Domonoske
Mar 02, 2022
2 minutes
Oil prices continue to surge on Wednesday, with markets bracing for serious disruptions to crude supplies from Russia as Moscow's invasion of Ukraine grinds on.
The global benchmark, Brent, soared to as high as $113 a barrel on Wednesday, just days after breaching the triple-digit mark for the first time in seven years.
Although the U.S. and its allies intentionally avoided targeting
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