Russia's President Vladimir Putin has announced that he will carry out a special military operation to protect the inhabitants of eastern Ukraine, raising concerns about a stagnation of supply from oil-producing Russia in the crude oil market. Crude oil future prices are rising.

WTI futures prices in the New York market, one of the international crude oil price indicators, temporarily rose to the $ 97 level per barrel.


This is the highest price in seven and a half years since August 2014.



In addition, the futures price of Brent crude oil from the North Sea, which is traded in the London market, has exceeded $ 100 a barrel for the first time in 7 years and 5 months since September 2014.