Price of crude oil (Brent) has hit $100 per barrel in the international market in the light of the ongoing Ukraine crisis.
After the Coronavirus pandemic lockdown, the price of oil was predicted to rise to $100 per barrel due to sustained increase in demand.
Currently, the price of Brent, usually utilised to benchmark other prices, rose to $103.33 per barrel, from $96 per barrel in the global market.
There were indications that the prices of other crudes, including Nigeria’s Bonny Light, currently hovering at $96.60 per barrel, would continue to rise.
