Brent oil price jumps over 5% on Ukraine crisis

Credit: AFP Photo

Brent oil prices jumped more than five percent Tuesday as traders fretted over fallout from Russia's ongoing invasion of Ukraine.

Read more: Zelenskyy says Russian shelling of Kharkiv a 'war crime'

European benchmark Brent North Sea crude leapt 5.3 per cent to stand at $103.22 per barrel, approaching more than seven year highs of above $105 hit last week.

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