Oil prices rise against the backdrop of Crimea referendum

The results of the referendum on the status of the Crimea have caused a rise in prices for oil and gas supplies. Analysts believe that the reason for this phenomenon is the failure of Western countries to accept the choice of the Crimean residents, which increases geopolitical risks in the region.

Black gold quotations also grow against the background of reports from Libya, which say that protesters blocked the pipeline that carries supplies from one of the largest deposits in the country - El Shararah.

Prices for Brent crude on London's ICE Futures Exchange on Monday morning rose by 0.08 percent - up to 108.3 dollars per barrel; on electronic trading on the New York Mercantile Exchange - up to 99.14 dollars per barrel. Gas (for supplies in May), according to the Chicago Mercantile Exchange, rose by 1.7 percent to 4,472 dollars per one million BTU (British thermal units).