World Oil Prices Rise to US$111.16 per Barrel (Friday, March 4, 2022)

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Agus Dwi Darmawan 04/03/2022 13:40 WIB

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Global crude oil prices rose in trading on Friday, March 4, 2022, at 12:56 WIB.

Brent Crude Oil Price Over the Last Three Months

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World Oil Prices Rise to US$111.16 per Barrel (Friday, March 4, 2022)

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Brent Crude Oil Price Over the Last Three Months

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Global crude oil prices rose on Friday, March 4, 2022, at 12:56 WIB. Brent crude traded at US$111.16 per barrel, up 0.63% compared to the previous day's trading.

Trading of Brent crude oil is expected to range from a low of US$110.34 per barrel to a high of US$114.09 per barrel today.

Meanwhile, West Texas Intermediate (WTI) crude oil traded at US$109.17 per barrel, up 1.39%. Quoting Investing.com, oil prices began to rise since Friday morning.

Global oil prices surged due to the Russian government's invasion of Ukraine after President Vladimir Putin ordered a special military operation in eastern Ukraine on Thursday (February 24). This invasion, conducted via air, sea, and land, has caused significant global concerns.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."