Oil prices shoot to $100 per barrel as Russia attacks Ukraine

The price of Brent crude was already at a historic high before the invasion began.
DANIEL LEAL/AFP via Getty Images
Local residents cross a street as smoke rises over the town of Hostomel, near the Antonov Airport, in northwest Kyiv on Feb. 24, 2022. - DANIEL LEAL/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Oil prices rose dramatically today as Russia attacks Ukraine.

The price of Brent crude oil broke $100 a barrel at around 4:30 am ET, and traded as high as $105 a barrel at some points of the day. Brent crude is widely considered the global benchmark for oil prices.

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