Oil prices jump to $90 per barrel, highest since 2014
NEW DELHI: Oil prices in the international market rose to the highest level since 2014 on Wednesday as Brent Crude Future surged to $90 per barrel. The reason for the steep hike in the oil prices, analysts believe is the ongoing geopolitical tensions in Europe and the East.
There is a fear of potential supply disruption in the Middle East as Yemen’s Houthi movement launched a missile attack on a United Arab Emirates base. In Europe, the Russian military buildup on the border of Ukraine has escalated tensions between the two countries.
