Global oil prices hit their highest level in more than seven years

<p>From the BBC World Service: The crude oil price spike is tied to rising geopolitical risks, with concerns over a Russian invasion of Ukraine and supply disruptions in the United Arab Emirates after a deadly drone attack. Plus, at the virtual Davos summit, Chinese President Xi Xinping defended his common prosperity strategy. And, concerns over China&#8217;s influence at Sri Lanka&#8217;s new port city development.</p>