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U.S. oil cost floods 11% to $106 a barrel, a 7-year high-rise incited by Russia’s attack on Ukraine
Oil costs flooded Tuesday, with U.S. rough hitting its most significant level since June 2014 as Russia overwhelms Ukraine’s capital. West Texas Intermediate rough fates, the U.S. oil benchmark, hopped 11.5% at the highs of the day to $106.78 per barrel. The agreement dialed down that level during early evening time exchanging and finished the meeting at $103.41, for an increase of 8.03%. Oil costs have flooded regardless of new measures pointed toward quieting markets stressed by the attack of Ukraine. Brent rough – the global benchmark at oil costs – has hit $110 a barrel, denoting the most significant level found in over seven years. It rose even after…