The Russian invasion of Ukraine triggered crisis-typical movements in world markets. Stock prices are falling, gold is rising, investors are running to invest like gold or government bonds. The price of Brent crude oil rose above the psychological threshold of one hundred dollars per barrel. It was last above this limit in September 2014.
“If the situation worsens further, I would not be surprised by the price of a barrel of Brent crude at $ 120 per barrel,” Robert Rennie, Westpac’s head of market strategy at the Bank of Australia, told the Financial Times. According to other analysts, it is possible that the price of oil will exceed this limit. Christian Malek of the investment bank JPMorgan does not rule out that the price will reach $ 125 per barrel.
Because of this, further price increases are to be expected
