Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $4.02, or 4.01%, to $101.99 a barrel by 1002 GMT. The benchmark touched a seven-year high of $105.79 after the invasion began last week. U.S. West Texas Intermediate (WTI) April crude futures were up $3.24, or 3.38%, at $98.96. The contract touched a high of $99.10 a barrel the previous day, ending up more than 4%. read more A huge Russian military convoy approached Ukraine’s capital Kyiv on Tuesday after ceasefire talks between Russia and Ukraine failed to reach a breakthrough. read more […]