Energy prices surge as Russian invasion of Ukraine stokes fears of global shortages

European stock markets tumble as crisis fuels near-40% rise in gas price and pushes oil to $105 per barrel

Oil rises above $100, markets plunge – business liveRussia-Ukraine crisis: live news

Oil and gas prices surged on Thursday and global stock markets fell sharply after Russian forces invaded Ukraine.

Brent crude hit $105 a barrel for the first time since August 2014, following a rise of more than 8% on international energy markets. The increase signalled a further rise on garage forecourts to record-breaking retail price for unleaded petrol of more than £1.55 a litre.

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6 months ago

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