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Russia-Ukraine conflict, oil more expensive in global market

Oil price nears $100 a barrel

Russia Ukraine conflicts make oil more expensive in the global market. Oil prices in the global market neared $100 a barrel. THE PRICE OF WTI rose to $92.35 a barrel while Us markets fell. Russian President Putin has announced the end of the 2014 ceasefire agreement with Ukraine, ‘Minsk’. Putin has signed an administrative order recognizing two separatist regions of eastern Ukraine as independent states.