Thursday, August 20, 2026
Oil prices jump 8% as Russia invades Ukraine; Brent tops $100 for first time since 2014- oil and gas 360

Oil prices jump 8% as Russia invades Ukraine; Brent tops $100 for first time since 2014

CNBC Oil prices on Thursday jumped following Russia’s invasion of Ukraine, with international benchmark Brent crude surpassing $100 a barrel for the first time since 2014. The attack is expected to have far-reaching implications for energy markets given Russia’s role as the world’s second-largest producer of natural gas and one of the world’s largest oil-producing nations. Oil prices have jumped more than