Brent crude oil soared past $100 a barrel on Thursday for the first time since 2014 after Russian President Vladimir Putin announcement of a "military operation" in Ukraine.
Brent crude, the world benchmark, hit $100.4 a barrel for the first time in more than seven years. US crude jumped 3.3% to $95.15 a barrel.
It's worth noting that oil supplies are already very tight, and analysts are predicting that prices will go even higher if oil flows from Russia were disrupted.
