Brent crude started at $89.19/bbl, then skyrocketed 8% on the 24th to $104.89/bbl, making it the first time Brent crude surpassed $100/bbl since September 2014.

GBP fluctuated throughout February, starting at $1.344, before reaching a mid-month peak of $1.364, then dropping to $1.337, caused by the ongoing Ukraine crisis.

Security conditions in Europe seriously deteriorated, following Russia’s invasion of Ukraine, marking the largest conflict seen in Europe since the Second World War.