As Russian troops entered two breakaway regions of Eastern Ukraine under Putin’s guise as “peacekeepers” and thousands of other troops awaited a possible full-scale invasion of the country, crude oil prices rose under the tension.
Global benchmark Brent crude for April delivery went up $1.45 or 1.52% in Tuesday’s trading and settled at $96.84 a barrel on ICE Futures Europe in London.
West Texas Intermediate crude for March delivery, considered the benchmark in the U.S., gained $1.28 or 1.41% to $92.35 a barrel on the New York Mercantile Exchange.
The Brent crude level is the highest price in 9 years and is likely to go higher if Russian troops expand their invasion of Ukraine.
At the same time, the oil price increase resulted in a 4 cent hike in wholesale gasoline for March delivery, which settled Tuesday at $2.71 a gallon.
Apache (APA) down 1.13 at 31.04 – change 3.49%
Cheniere (LNG) down 0.30 at 115.72 – change 0.26%
Chevron (CVX) down 1.02 at 132.40 – change 0.77%
ConocoPhillips (COP) down 1.80 at 87.83 – change 2.01%
Diamondback Energy (FANG) down 3.44 at 128.03 – change 2.62%
Energy Transfer LP (ET) down 0.29 at 9.76 – change 2.89%
Enterprise Products Partners (EPD) down 0.29 at 23.20 – change 1.24%
EOG Resources (EOG) down 2.09 at 109.53 – change 1.88%
ExxonMobil (XOM) down 0.90 at 76.45 – change 1.17%
Kinder Morgan (KMI) down 0.06 at 16.54 – change 0.37%
Marathon Oil Corp. (MRO) down 0.27 at 21.60 – change 1.24%
National Oilwell Varco (NOV) up 0.18 at 17.42 – change 1.04%
Occidental Petroleum (OXY) down 1.24 at 38.32 – change 3.14%
Phillips 66 (PSX) down 0.97 at 84.10 – change 1.15%
Pioneer Natural Resources (PXD) down 10.18 at 223.20 – change 4.37%
Valero (VLO) down 0.88 at 85.84 – change 1.02%
CLOSING TOP UTILITY STOCKS
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