NZ could face higher petrol prices as Brent crude hits 7 year high

Brent crude oil futures have risen more than US$3 to US$99, (NZ$146) ,the highest since September 2014.

It comes after worries Russia’s energy exports could be disrupted.

This could have a flow on effect for New Zealand, potentially seeing a rise in the price of petrol at the pump.

Stocks fell on Wall Street in afternoon trading Tuesday (Wednesday NZT) after Russia…

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