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Oil Jumps to $95 as Price Volatility Rises on Ukraine Tensions

  • U.S. warned attack may be soon; Putin says no plans to invade
  • WTI traded above $95 a barrel for the first time since 2014
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WATCH: Oil extended a powerful rally as geopolitical tensions over Ukraine intensified.Source: Bloomberg
Updated on

Oil jumped as simmering geopolitical tensions between Russia and Ukraine kept the market on edge and volatility high. 

West Texas Intermediate surged above $95 a barrel for the first time since 2014. Ukrainian leader Volodymyr Zelenskiy spooked markets with what appeared to be a sarcastic comment about the rest of the world predicting a date for a Russian attack.