Oil prices skyrocket as Russian supply dwindles - a podcast by ABC Radio

Buyers are stocking up on oil as Russian supplies fall and the global price continues to soar.

At one point the US benchmark for oil prices went past 130-US dollars per barrel today.

So what does it mean for prices at the bowser, and the economy?

Guest:

David Byrne, Professor of Economics at the University of Melbourne

Further episodes of RN Drive - Separate stories podcast

Further podcasts by ABC Radio

Website of ABC Radio