Crude Oil Prices Likely To Remain Volatile As Ukraine Crisis Continues

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(MINT)

Oil prices have been elevated since the tensions intensified and Russia invaded Ukraine last month. On 7 March, Brent had touched $139.13 per barrel, the highest since 2008. Prices of crude oil have largely been on the boil amid the Russia-Ukraine conflict. Although the prices have declined from the recent multi-year high levels, volatility is likely to continue in the coming week as the geopolitical tensions seem unlikely to end anytime soon, analysts said.

 

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