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Brent crude tops $100 a barrel on Russia-Ukraine tensions

Brent crude prices surged past $100 a barrel for the first time since 2014 amidst report of an impending Russian invasion into Ukraine. The escalating tensions sparked fears of a disruption in critical energy exports.

Futures in London jumped almost 3.3% after a news report that Russian President Vladimir Putin has decided to conduct a special operation to “protect” the Donbas region before falling back below the key threshold.