Jan 18, 2022
Global oil prices hit their highest level in more than seven years
Analysts say the crude price spike is due to a shift away from pandemic-induced demand issues to geopolitical supply worries.
PATRICK T. FALLON/AFP via Getty Images
From the BBC World Service: The crude oil price spike is on rising geopolitical risks, with concerns over a Russian invasion of Ukraine and supply disruptions in the United Arab Emirates after a deadly drone attack. Plus, at the virtual Davos summit, Chinese President Xi Jinping defended his common prosperity strategy. And, concerns over China's influence at Sri Lanka's new port city development.
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David Brancaccio
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Host, BBC
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Senior Producer, BBC
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Erika Soderstrom
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Rose Conlon
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