Ukraine Tension Seen Stoking Oil, Gas Prices on Supply Risk - Bloomberg:
"Oil and natural gas rose amid investor concern that escalating geopolitical tension over Ukraine could curb energy supplies.
Brent crude advanced as much as 2 percent to $111.24 a barrel on the ICE Futures Europe exchange in London today. Gas futures jumped as much as 2.8 percent to $4.736 per million British thermal units in electronic trading on the New York Mercantile Exchange, after sliding 25 percent last week.
“The market will be incredibly nervous, and that caution should push prices higher,” Ole Hansen, a Copenhagen-based strategist at Saxo Bank A/S, said yesterday by phone before the resumption of trading today."
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