It comes after Vladimir Putin last night approved a military operation in Ukraine. The price is now at 101.4 dollars a barrel, an increase of almost 50 percent in three months.
The sharpening in Ukraine has for a long time led to sharp rises in oil prices, but this is the first time it has crossed the magic limit of 100 dollars.
Also read: Massive oil jump: The krone straight up after new tensions in Ukraine
Russia is the world’s second largest oil producer.
Otherwise, stock markets are expected to fall sharply as a result of developments in Ukraine, and stock markets in Asia are already down. The Japanese Nikkei index is down two percent, among other things. The Russian Moscow Stock Exchange has stopped all trading in all markets after the outbreak of war. Furthermore, it is only stated that the stock exchange will resume trading at a later date.
Also read: Extreme Ukraine effect: Expert raises alarm about petrol price
The Norwegian krone has changed little as a result of the declaration of war.
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