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Home > Stories > Tensions between Russia and Ukraine are driving oil prices up

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Tensions between Russia and Ukraine are driving oil prices up

War between Russia and Ukraine are creating a fear premium for crude oil driving oil prices to a record high!

Dr. Roberto F. Aguilera (an energy economist from Curtin University) expects the prices to begin to decrease in the second quarter of this year providing some relief to the everyday motorists.

“Even in the event of a major price spike , prices would soon be brought back down” says Aguilera.

Dr Aguiler spoke to Madeline on On the Record about the record high oil prices.

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