Oil prices rose by 5.33%-5.94%
As of 28 February 2022, 08:14 (UTC+3), Brent Crude futures for April settlement were trading 5.33% higher at $103.15 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for May delivery on the New York Mercantile Exchange rose by 5.85% to $99.63 a barrel. WTI futures for April delivery rose by 5.94% to $97.05 a barrel
Crude oil prices are surging driven by supply disruption worries amid introduction of sanctions against Russia.