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Global crude oil drives near to $100/barrel due to Ukraine-Russia crisis

According to the conflict between Russia and Ukraine keep worsening, the USA and Russia both increase their military power in this area, which pushed the world to become tense.

Global crude oil drives near to $100/barrel due to Ukraine-Russia crisis

According to the conflict between Russia and Ukraine keep worsening, the US and Russia both increase their military power in this area, which pushed the world to become tense.

On February 11th, some of the American media warned that Russia might start an invasion as soon as February 16th, which stimulated the crude oil price to skyrocket.

From the market information, the crude oil price on February 15th continue the growing trend, the crude oil futures price on the West Texas Intermediate for March came to US$95.46/barrel, increased by 2.5% in a trading day; the crude oil futures price for April on the Brent Crude came to US$96.48/barrel, both touched a new high in the past 7 years.

 

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