Russia Ukraine Tensions Continue To Drive Oil Prices

More and more experts are predicting that Russia will invade Ukraine, any day. And because of that ongoing tension, oil prices remain high; in fact in Monday’s trade, West Texas crude increased roughly 3% to $93.86 a barrel. Douglas Lute, the former U.S. Ambassador to NATO, who was serving during the Russian annexation of Crimea, said, if Putin does invade, the conflict could lead to even higher oil and gas prices.

“The energy markets are already tight, and energy prices high. This will spike the energy prices globally. This is a global market.”

Russian forces killed a group of five “saboteurs” who reportedly breached the country's southwest border from Ukraine Monday

If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia.com