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Oil prices rise amid Russia-Ukraine tensions

Date:2022-02-25 11:16:29 Visit:1025

NEW YORK - Oil prices finished higher on Thursday with both the US crude benchmark and Brent exceeding $100 a barrel in intraday trading, as traders assessed geopolitical tensions over Ukraine.

The West Texas Intermediate for April delivery added 71 cents to settle at $92.81 a barrel on the New York Mercantile Exchange, after hitting a session high of 100.54 dollars. Brent crude for April delivery increased 2.24 dollars to close at 99.08 dollars a barrel on the London ICE Futures Exchange, after touching 105.77 dollars earlier in the session.

Both crude benchmarks hit their highest intraday level since 2014.


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