Oil prices rose by 2.2%-2.63%
As of 18 March 2022, 07:56 (UTC+3), Brent Crude futures for April settlement were trading 2.2% higher at $108.99 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 2.63% to $105.69 a barrel.
Crude oil prices are increasing as foreign policy tension continues and supply risks still exist.