Oil Price Hits $90 Per Barrel For First Time Since 2014.
For the first time since 2014, oil prices rose to $90 per barrel on Wednesday.
This comes as tensions between Russia and Ukraine rise.
Oil prices have continued to grow in recent months, owing to increased demand for the commodity throughout the world.
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Brent, the global oil benchmark, surpassed the latest milestone, while US West Texas Intermediate crude futures rose 1.96 percent to $87.27 per barrel.
The current price is $28 more than the Nigerian government’s budget of $62 per barrel for 2022.
