Oil well jacks operated by Chevron Corporation in San Ardo, California, United States, on Tuesday, April 27, 2021.
David Paul Morris | Bloomberg | beautiful pictures
Brent crude hit $100 before easing slightly on Thursday, after Russia announced it would launch a military action in Ukraine and there were reports of explosions in Kyiv.
Oil prices jumped 3% on that news, before giving up some gains. Brent Crude Oil Futures was up 2.75% at $99.50 a barrel. The international benchmark previously touched $100 per barrel. US crude oil futures rose 3.02% to $94.88 per barrel.
Natural gas rose 3.33%.
Spot gold, traditionally considered a safe-haven asset, was up 1.05% and last traded at $1,927.67.
Explosions were heard in the Ukrainian capital KyivNBC News reported.
The United Nations Security Council met in New York late on Wednesday when representatives from member states begged Putin not to attack Ukraine.
Mr. Putin warned other countries that there would be “consequences they have never seen before” if any attempt was made to interfere in Russia’s actions, Reuters reported.
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