Gatekeepers News reports that the Global oil price has risen towards $100 per barrel as tensions between Russia and Ukraine escalated.
The development comes after Russian President Vladimir Putin ordered the deployment of Russian troops into two breakaway regions of Ukraine.
Brent crude futures rose to the highest since August 1, 2014 – 3.82%, to $99.03 a barrel at 09:10 GMT+1 on Tuesday.
Meanwhile, U.S. West Texas Intermediate (WTI) crude futures jumped $4.79% to $95.86 a barrel versus Friday’s settlement.
This is a developing story.
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