Brent crude - the international benchmark for oil prices - jumped 10% to $107 a barrel, marking the highest level seen in more than seven years.
It rose after the International Energy Agency's members agreed to release 60 million barrels of oil from emergency stockpiles.
Russia is one of the biggest energy producers in the world.
BBC
It rose after the International Energy Agency's members agreed to release 60 million barrels of oil from emergency stockpiles.
Russia is one of the biggest energy producers in the world.
BBC
