Oil

Oil prices hit an eight-year high this week, briefly topping $105 a barrel for the first time since 2014 – and Russia's full-blown attack on Ukraine on Thursday could push prices even higher.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, who is also in the oil industry, reacted to U.S. President Biden buying oil from Russian President Vladimir Putin.

Continental Resources founder Harold Hamm says the Russian invasion of Ukraine has a 'very disturbing' impact on oil.

Lipow Oil Associates President Andy Lipow argues that Biden's sanctions on Russia will not help oil and gas.

Republican lawmakers in the House and Senate are calling for the U.S. to ramp up energy production at home as part of the response to the Russia-Ukraine crisis — which has raised fears of increasing oil prices and led to more pain at the pump.

FOX Business' Charles Payne during his latest “The Takeaway” on “Making Money,” Thursday argues Western leaders are buying crude and natural gas from tyrants.

President Biden said Thursday the U.S. is working with other countries on a coordinated oil release from the global petroleum reserve in the coming days in a bid to tamp down rising gasoline prices.

Gas prices, nationally, are averaging at $3.54 per gallon with diesel fuel at $3.96.

Founder of Michael Lee Strategy Michael Lee warned if Russian President Vladimir Putin decides he wants to take over all of Ukraine, it will be the beginning of World War III, which could be "catastrophic for everything."

Price Futures Group senior market analyst Phil Flynn argues that Russia invading Ukraine is a "total disaster" for the global oil market.