Oil prices to remain near $US100 a barrel
William McInnesReporter
Oil prices are set to remain at levels not seen since 2014 for the near-term, even if Russia and Ukraine tensions simmer down, because of strong demand for transport fuels outrunning already-limited spare capacity in the crude market.
On Tuesday, West Texas Intermediate rose above $US95 a barrel for the first time since 2014, just two days after Brent crude prices hit the same milestone.
Loading...
William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commodities
Fetching latest articles