Crude Benchmarks Settled With Gains Of Over 3% On Heightening Fears Of An Ukraine Invasion

Oil prices continued to add to gains on heightened fears of an invasion of Ukraine by Russia, one of the top oil producing nation. On Friday oil prices settled higher by 3%.In fact both of the benchmarks ended with gains of over 3%, WTI crude ended with gains of 3.58% at $93.10 per barrel, while brent crude also settled higher with gains of 3.31% at $94.44.

With the soaring oil price, analysts even expected the crude to hit $100 per barrel mark.

Russia has gathered troops close to Ukraine for launching a major invasion and Washington has asked all citizens to leave the country in 2 days time.

Back home, while auto fuel prices across the country have held constant there is a high case that the cost shall be passed on to customers as and when the election season ends.

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