Oil at seven-year high as Ukraine crisis overshadows Federal Reserve

Oil today extended gains to seven-year highs as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy.

Oil today extended gains to seven-year highs as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy.

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Brent crude prices rose around one percent to trade above 90 dollars per barrel.

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In intra-day trade, Brent crude was trading around 90 dollars and 70 cents per barrel while WTI crude prices were at 88 dollars and 10 cents per barrel.

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