Oil Price Reached $139 Overnight Before Falling Back To $130 But More Increases Predicted

7th March 2022

The price of oil is moving all the time reaching new highs before falling back. Volatile movements mean it is hard to predict where the price will go in coming weeks but everything points to higher prices.

BBC
Ukraine conflict: Oil price soars to highest level since 2008

The Guardian
Oil prices soar 10 percent and stocks plunge as US and Europe consider ban on Russian crude

Reuters
Oil price surges to highest since 2008 on delays in Iranian talks