Oil Prices On The Run

Oil futures rose this morning following a volatile start to the week, as the market weighed a coordinated international release of crude inventories against Russian supply disruptions in the wake of Moscow`s invasion of Ukraine. 

May Brent crude futures gained about one percent to $98.90. 

The benchmark touched a seven-year high of $105.79 after Russia`s invasion of Ukraine began last week.

U.S. West Texas Intermediate April crude futures were up about 0.8% at $96.53. 

That contract touched a high of $99.10 a barrel the previous day and had settled up more than 4%.

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Edited by Jesus Chan

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