Oil prices are modestly higher, due to renewed fighting between Ukraine and pro-Russia forces. A Russian government spokesman said that the Ukraine government violence ends all hopes of a peaceful resolution. So, it appears that Russian regular army is set to roll on eastern Ukraine. Yesterday, President sabre-rattled against western oil investments in Russia, as a way to respond to increasing sanctions against Russia. That, of course, begins the syndrome of bringing oil directly into the equation.
Energy Overview — TotalView™ of the Energy Markets