Oil Keeps Rising As Russia Invasion Upends Energy Markets Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch, driving prices to their highest since 2008. Futures in New York rose 0.9% after swinging through a $10 range and closing below $108 a barrel Thursday on signs that an Iranian nuclear deal may be near . Ukrainian officials said Russian forces attacked a nuclear plant early Friday — Europe’s biggest — which led to a spike in oil and other commodities before prices pulled back slightly. Crude is up 19% this week. The International Energy Agency warned that global energy security was under threat and a planned release of emergency oil reserves by the U.S. and other major economies failed to quell supply concerns. JPMorgan Chase & Co. said global benchmark Brent crude […]