Crisis between Russia and Ukraine generates increase in oil prices

West Texas Intermediate petroleum (WTI), which is ready for delivery in May, increased $ 2.12 up yesterday to settle at $102.56 per barrel, its highest level in a month.

Market researchers believe that traders are concerned about a disruption in the supply of Russian gas to Europe through Ukraine, which would significantly increase the prices of oil and gas.

In addition, oil traders reacted to the report of the Energy Department, which targeted forecasts of a greater increase than the expected of the average price in 2014, which stood at $95.33 the barrel.