Oil Ends Wildest Week Ever As Russian War In Ukraine Rattles Market

Oil prices are on track to end their wildest week ever seen, with a massive $20 a barrel trading range in the past five days, as the Russian invasion of Ukraine sparked concerns about supply amid an exodus of buyers of Russian commodities. As of 9:56 a.m. ET on Friday, WTI Crude was up 5.25% at $113.45 and Brent Crude was trading up 4.48% at $115.54. Oil prices started this week in the low $100s for Brent and mid-$90s for WTI. The U.S. benchmark broke above $100 a barrel early this week and continued rallying. Early on Thursday, WTI Crude had jumped…