Both Russia and Ukraine have reached the edge of war. The situation is such that a straight fight can start at any time. Due to the ever-increasing tensions, the crude oil market around the world is also in turmoil. Russia produces 10 million barrels of oil a day, which is about 10% of global demand. In addition, it is the largest supplier of natural gas in Europe. If this supply line breaks down, fuel prices will skyrocket. Due to lack of supply against demand, the price of crude oil has reached $ 90 per barrel, which is the highest since 2014. According to experts, soon it will also cross the mark of $ 100 per barrel. The oil market gained nearly 2 per cent on Monday. At the same time, European natural gas prices also increased by about 6 percent. 33% of Europe's natural gas comes from Russia Russia is Europe's largest natural gas supplier. US President Biden has threatened that if Russia attacks Ukraine, its gas pipeline pr...
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