Brent gains to 2-month high as Russia intervenes Ukraine

Source: Bloomberg
The European benchmark Brent crude increased on Monday rising towards the strongest level in two months on escalating geopolitical tension between Ukraine and the Russian Federation, the world's biggest oil producer. Brent for settlement in April jumped as much as 2.5% to $111.80 per barrel as of 11 a.m. in New York on the London's ICE Futures Europe exchange.

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