NEW DELHI: Brent crude prices rose above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine led to concerns about disruptions in global energy supply.
The prices jumped more than 9 per cent after Russian President Vladimir Putin ordered invasion of Russian troops into Ukraine.
US contract West Texas Intermediate reached $100.54 per barrel, also a peak last seen more than 7 years ago.
Globally, stock markets crashed as investors gave up risky assets for safe-haven ones.
In India, both benchmark indices crashed nearly 5 per cent, resulting in a whopping Rs 13.44 lakh crore loss to investors during the day.
