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WTI Oil Futures Extend Gains to Reach Highest Since 2014

Bloomberg business news
'Peanuts' IEA Crude Release Won't Quell Supply Concerns: Sen

Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption.

Futures in New York climbed as much as 6.1% to $101.53/bbl, the highest since 2014. Brent futures jumped by more than $6 to above $104 a barrel.