[Seoul=Newsis] Reporter Kwon Seong-geun = International oil price broke through the $100 level again in three trading days due to concerns about a decrease in supply from Russia.
On the New York Mercantile Exchange on the 17th, crude oil from West Texas for April delivery finished trading at $102.98 per barrel, up 8.4% from the previous month.
North Sea Brent crude for May on the London ICE Futures Exchange was up 8.8% to trade at $106.64 a barrel.
In a recent report from the International Energy Agency, the International Energy Agency warned that the world economy could be exposed to a potential supply crisis, stating that 3 million barrels of Russian crude oil production will be halted starting in April.
Declining expectations for a ceasefire agreement between Russia and Ukraine also pushed up oil prices. The recent drop in oil prices was partly driven by hopes for a ceasefire.
Matt Smith, a crude oil analyst at energy consultancy Kpler, said that given Putins recent moves, hopes should not be overblown.
