Oil Prices Climb Above $101 a Barrel on Ukraine Tensions

The Associated Press reported that benchmark U.S. crude oil for May delivery rose 90 cents to $101.34, while Brent crude came up 61 cents to $106.43 in London as investors continued to watch for weekly U.S. oil data. These price increases come as unrest returned to Ukraine this weak, stimulating tensions between Russia and the West, according to the AP.

As quoted in the publication:

Tensions in Ukraine escalated again Tuesday, as security forces ousted pro-Russian protesters from an occupied government building in the eastern city of Kharkiv, while regional administration headquarters in Donetsk remained under protesters’ control. They are demanding referendums on the regions’ status, which could pave the way for further annexations by Russia.

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