The price of a barrel North Sea Brent for delivery in April, the most negotiated in London, it gained 2.2%, to finish at $96.48. A few minutes earlier, Brent crude it had risen to $96.78, for the first time since September 2014.
In New York, the barrel of West Texas Intermediate (WTI) due in March, it gained 2.5%, to close at $95.46. During the session, it reached its highest level since September 2014, at $95.82.
The United States announced on Monday the temporary transfer of its embassy in Ukraine from Kiev to Lviv, in the west of the country, due to the “spectacular acceleration” of the deployment of Russian forces on the border.
The news marked a turning point in black gold prices, which had already been on the rise.
The American decision to move its embassy has just relativized the comments made by the head of Russian diplomacy, Serguei Lavrov, who in a television meeting with the Russian president, Vladimir Putin estimated early Monday that there was still “a chance” to reach a compromise on the Ukrainian crisis.
“The market is tense”, with insufficient supply “and Opec (Organization of Petroleum Exporting Countries) does not seem to want to react and put more oil on the market”said analyst John Kilduff of investment consulting firm Again Capital.
Source: Ambito
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