Environment

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021.
David Paul Morris | Bloomberg | Getty Images

Oil prices leaped by 3% on Thursday after Russia announced it would launch a military action in Ukraine and reports surfaced of explosions in Kyiv.

International benchmark Brent crude futures jumped 3.03% to trade at $99.77 per barrel. U.S. crude futures shot up by 3.52% to trade at $95.38 per barrel.

Natural gas jumped 2.33%.

Explosions were heard in Ukraine’s capital of Kyiv, NBC News reported.

This is breaking news. Please check back for updates.

Articles You May Like

Teachers told it is not ‘right time to strike’ as union to ballot members
Volkswagen and Xpeng to build super-fast charging network in China for EVs
India Delays First Space Docking Test of SpaDeX Satellites Until January 9, Requires ‘Further Validation’
Can Texas slow down Ohio State? How will Notre Dame fare vs. Penn State? Previewing the semis
Elon Musk promotes far-right Alternative for Germany candidate, hosts discussion on X