Prices fluctuated oil On Monday, amid growing concerns regarding a potential conflict between Russia and Ukraine, the United States and the European Union made clear that Russia would face sanctions if it invaded its neighbour.
And following Brent crude futures for April delivery touched $95 a barrel, they fell slightly by 0.01% to $93.53 a barrel.
And US West Texas Intermediate crude futures for March delivery rose 1.8 percent to $ 92.75 a barrel in early trading, but it trimmed these gains, bringing its profits to 0.21 percent to $ 91.26 a barrel.
“If a Russian invasion happens, as the US and UK have warned in recent days, Brent crude futures might rise above $100 a barrel,” Commonwealth Bank analyst Vivek Dar said in a note.
