Oil prices were today trading at a seven-year high of over $91 a barrel as inflationary pressures in the global economy continue.
The 1% rise for Brent crude futures comes ahead of Wednesday's meeting of OPEC+, when officials are expected to stick with plans for a 400,000 a barrel production increase in March.
On Thursday, the threat posed by inflation in the UK economy will force the Bank of England to increase interest rates from 0.25% to 0.5%, one of four rises expected this year.
