Barrel of oil is approaching 100 dollars
The barrel of oil is showing an upward behavior after the decision of Russian President Vladimir Putin to recognize the independence of Donetsk and Lugansk
The price of a barrel of oil reacted with sharp rises, bringing its price close to the level of 100 dollars, to the decision of the Russian president, Vladimir Putin, to recognize the independence of Donetsk and Lugansk, self-proclaimed republics in 2014, in addition to ordering the Russian Armed Forces to deploy to both territories on a “peacekeeping mission”.
In this way, a barrel of Brent oil, a reference for Europe, became more expensive by more than 4 % at the beginning of trading on Tuesday and reached a price of 97.82 dollars, the highest since the end of September 2014 .
On its side, the price of a barrel of West Texas Intermediate (WTI) crude oil, a reference for the United States, climbed 4.5 % and placed its price at 95.19 dollars.
So far this year, the price of a barrel of Brent has accumulated a rise of more than 23 %, while the price of a barrel of WTI has become almost 27 % more expensive.
The last time a barrel of Brent crude reached the level of 100 dollars was on September 8, 2014, after having remained above that threshold for more than a year.
K. Tovar
Source: Elsoldemexico
