On Monday, the oil market again updated multi-year highs, rising above the level of $96 per barrel. The last time such values were recorded was in October 2014. During the trading, the quotes decreased slightly: Brent is trading at $94.70 per barrel, WTI is near $93.40 (the daily maximum is $94.92 per barrel). Prices began to rise last Friday, on reports that the US authorities are waiting for Russia's imminent invasion of Ukraine. The adviser to the American president on national security, Jake Sullivan, made a statement that Russia has the opportunity to attack Ukraine without waiting for the end of the Olympics in Beijing. At the same time, Russia continues to deny that it intends to attack Ukraine. Experts fear that the intensification of the geopolitical conflict will entail the introduction of new sanctions against Moscow and radically change global energy flows. In this case, the price of oil may rise to the level of $100 per barrel, even if demand remains at the current level.
TAUTAN CEPAT
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