Oil Jumps to $95 as Price Volatility Rises on Ukraine Tensions
- U.S. warned attack may be soon; Putin says no plans to invade
- WTI traded above $95 a barrel for the first time since 2014
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Oil jumped as simmering geopolitical tensions between Russia and Ukraine kept the market on edge and volatility high.
West Texas Intermediate surged above $95 a barrel for the first time since 2014. Ukrainian leader Volodymyr Zelenskiy spooked markets with what appeared to be a sarcastic comment about the rest of the world predicting a date for a Russian attack.