Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.
The prices for gas and diesel fuel.
The prices for gas and diesel fuel, over $6 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. - FREDERIC J. BROWN/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Oil prices across the Middle East and the world hit all-time highs again today. 

The price of Brent crude oil, widely considered the global benchmark for oil prices, briefly traded above $139 a barrel overnight. This was the highest price since 2008. 

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