Oil rises as Russia-West stand-off alarms tight market | Reuters
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Summary
read more Analysts said the market remained tight and any addition of oil would help, but prices would remain volatile in the near term because Iranian crude was unlikely to return until later this year."If a Russian invasion (of Ukraine) takes place, as the U.S. and UK have warned in recent days, Brent futures could spike above $100/bbl, even if an Iranian deal is reached," Commonwealth Bank analyst Vivek Dhar said in a note.Our Standards: The Thomson Reuters Trust Principles.Sign up to our investor newsletter to get the latest news and trends in global financial markets.Subscribe to our newsletter to get all the news you need to start your day.Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
As said here by https://www.reuters.com/business/energy/oil-jumps-fresh-warnings-over-ukraine-russia-conflict-2022-02-20/