Ukraine Tension Seen Stoking Oil, Gas Prices on Supply Risk
This article is for subscribers only.
Oil and natural gas rose amid investor concern that escalating geopolitical tension over Ukraine could curb energy supplies.
Brent crude advanced as much as 2.2 percent to $111.41 a barrel on the ICE Futures Europe exchange in London today. U.K. gas for next-month delivery surged the most in more than 17 months, rising as much as 10.3 percent, to 61.95 pence a therm ($10 per million British thermal units). That’s the highest price since Jan. 31.