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Oil prices surpass $107 amid supply concerns and Ukraine war risks

Oil prices have risen above $107 per barrel amid concerns about supply disruptions, while the Ukraine conflict is reportedly intensifying. The developments add to existing volatility in energy markets.

By DoomRadar · Published on DoomRadar .

Why it matters

A sustained oil surge could increase inflation, economic pressure and transport costs across importing economies.

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EARLIER READING

Fuel prices rise across multiple markets as oil supply concerns intensify

Fuel prices are rising in Nigeria, Syria and Florida, while international oil prices have climbed more than 3% amid supply concerns. Syria reportedly raised fuel prices by up to 40%, and Nigerian households and businesses face further pressure.

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