Following the Russian invasion of Ukraine from February 24, 2022, energy prices rose by up to 20% worldwide for five months. WTI crude oil was $92.77 per barrel on February 24, 2022, but rose and averaged $106.96 (+15.3%) from February 28 to August 3.
Click here for original story, The spillover effects of rising energy prices following 2022 Russian invasion of Ukraine
Source: Phys.org