The brewing tensions between Russia and Nato over Ukraine have cast a shadow on how key commodities, especially crude oil, have played out over the past few days. Brent oil prices have already crossed the $90 per barrel mark – up 14 per cent in a month.
And if the standoff worsens and translates into a war, analysts expect oil prices to hit $125 a barrel – up around 40 per cent from the current levels – as we head deeper into 2022. ALSO READ: Oil breaks $90/bbl for the first time since 2014 on Russia tensions “War will result in elevated risk-premiums and ...
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