Oil breached $100 a barrel for the first time since 2014 on Thursday after Russia initiated military action against Ukraine, sparking concerns that a war in Europe could disrupt global energy supplies.
Brent crude hit a high of $101.34 a barrel in early Asia trade, the loftiest since September 2014, and was at $101.20 a barrel at 0423 GMT, up $4.36, or 4.5%.
Indian Finance Minister Nirmala Sitaraman, had recently said that crude prices and disruption of supply chain were a worry and that the government is keeping a close eye on the developments.
High prices & shortfall of crude oil eminent dangers of Ukraine crisis-Sitaraman https://anbnews.in/wp-admin/post.php?post=4277&action=edit
