'I'm surprised the oil price hasn't hit US$130 a barrel yet' – energy trading expert Q&A
- Written by Adi Imsirovic, Senior Research Fellow, Oxford Institute for Energy Studies, University of Surrey
Energy prices shot up after Russian President Vladimir Putin shocked the world by ordering a full-scale invasion of Ukraine. Oil is trading over US$100 (£75) a barrel for the first time since 2014 and natural gas prices jumped back towards the highs of late last year, although both eased a little the day after the invasion.
With consumers and...