The Ukrainian crisis has pushed oil prices to $ 91

Oil prices / Photo: EPA

Prices of oil today the international markets climbed to $ 91, as the Ukraine crisis and tensions between Russia and the West have overtaken indications that the US Federal Reserve (Fed) will tighten monetary policy.

In the London market, the price of a barrel in the afternoon was up 74 cents compared to the previous closing and was 90,70 dollars. In the American market, the barrel was traded at 87 cents more expensive, at 88,22 dollars.

On Wednesday, prices for the first time in seven years exceeded $ 90 on the London market, fueled by tensions between Russia and the West over Ukraine.

At the start of today's trading, prices in both markets fell on yesterday's announcement by the US Federal Reserve that it is likely to raise interest rates in March and stop buying bonds to curb inflation.

The US dollar strengthened after the announcement of the Fed, so oil became more expensive for buyers who use other currencies, which usually slows down demand.

Dear reader,

Our access to web content is free, because we believe in equality in information, regardless of whether someone can pay or not. Therefore, in order to continue our work, we ask for the support of our community of readers by financially supporting the Free Press. Become a member of Sloboden Pechat to help the facilities that will enable us to deliver long-term and quality information and TOGETHER let's ensure a free and independent voice that will ALWAYS BE ON THE PEOPLE'S SIDE.

SUPPORT A FREE PRESS.
WITH AN INITIAL AMOUNT OF 60 DENARS

Video of the day