Oil prices rose during Tuesday's trading, against the backdrop of the renewed Ukrainian crisis, with Russia's decision yesterday to deploy its forces in two separatist regions in eastern Ukraine.
Experts see the Russian decision as a new escalation of the crisis on the Ukrainian border, which Western leaders have warned could spark a war in the region.
This came after US and European officials denounced the Russian move, although a US official said the Russian military move did not yet constitute an invasion that could lead to imposition of force. Extensive penalties.
In terms of trading today, the global benchmark Brent crude futures contract rose by about $2.10, or 2.2%, to reach $97.49 a barrel, after increasing by 2% yesterday.
The US West Texas Intermediate crude futures rose by $3.25, or 3.6%, to $94.32 a barrel.
