Consumer

Oil prices may rise due to Russa-Ukraine tension

Published February 9, 2022 9:36 PM

(KYMA, KECY/CNN) - A spike in gas prices may be possible because of the rising tensions between Russia and Ukraine.

JP Morgan predicts a barrel might be $120 if exports are halted by the growing tension.

Despite already reaching a record high gas price recently, inflation may not see any signs of stopping.

The last time oil prices were at a record high was in July 2008.

Article Topic Follows: Consumer

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