Why Russia-Ukraine crisis isn’t stopping this $10 trillion asset manager from buying stocks

Reuters

Oil prices surge over 7% as global crude reserve release disappoints

NEW YORK (Reuters) -Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine. Members of the International Energy Agency (IEA), which includes the United States and Japan, agreed to release 60 million barrels of crude from their reserves to try to quell the sharp increase in prices that pushed major benchmarks past $100 a barrel. Brent futures rose $7.00, or 7.1%, to settle at $104.97 a barrel, their highest close since August 2014.