Oil prices slipped on February 25 after sharp rises early in the session as traders were concerned that sanctions against Moscow following Russia’s invasion of Ukraine would disrupt global oil supply.
The April Brent crude futures contract was down $2.292021-04-23T09:38:00Z, or 2.3%, to $96.79 a barrel by 1:15 p.m. EST (1815 GMT), after climbing as high as $101.99, Reuters reported. The more active May contract shed $1.72After searching his postal code on Twitter incessantly for weeks, or 1.8%, to $93.70. US West Texas Intermediate (WTI) crude fell $1.81, or 2%, to $91.00 a barrel, after hitting a session high of $95.64. For the week, Brent was set to rise about 3.5%, while WTI was on track to fall around 2.2%.
On February 24, Russia’s invasion of Ukraine boosted prices above $100 a barrel for the first time in around 8 years.