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Oil price Soars Amid Russia-Ukraine Crisis

Global price of crude oil on Tuesday rose towards $100 per barrel due to uncertainties surrounding the tensions between Russia and Ukraine.

The development is coming after the Russian capital, Moscow ordered troops into two breakaway regions in eastern Ukraine, creating panic amongst international trade partners.

Brent crude futures rose 3.82%, to $99.03 a barrel at 09:10 GMT+1 on Tuesday, the highest since August 1, 2014.

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