ShutterstockProfessional/Shutterstock Save for later Print Download Share LinkedIn Twitter Oil is racing toward $100 per barrel with geopolitics adding a fresh layer of upside risk to already bullish market fundamentals. Brent crude futures touched $90/bbl for the first time since 2014 this week, with political discord between Russia and the West over Ukraine thought to be adding at least $5/bbl to current oil prices.