The News Craving
Published by
Reuters UK
Reuters UK
By Julia Payne LONDON (Reuters) -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 $4.58, or 4.67%, to $102.55 a barrel by 1331 GMT after hitting an intraday high of $104.60. 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 $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53. A Russian ar…