Economics and markets

How events in Ukraine change our economic views

March 04, 2022

Shaan Raithatha, CFA

Vanguard Senior Economist

A first chart shows prices for both Brent and West Texas Intermediate crude oil futures rising from around $55 per barrel at the start of 2021 to just above $75 at the start of 2022 to March 2 settlement prices of $112.93 for Brent and $110.60 for West Texas Intermediate. A second chart shows prices rises rising from just above $90 since February 17, 2022, a week before Russia’s invasion of Ukraine, to the March 2 settlement levels.
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