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The price of oil rose again on Friday, following concerns about tightening supplies, as the Russian invasion of Ukraine entered its second day.
The price of crude oil has risen by more than 2 percent to $ 101 a barrel, while fighting has escalated near the Ukrainian capital, Kiev.
But stock markets in Europe and Asia have stabilized as investors have assessed Western sanctions on Russia.
The United States, the United Kingdom and the European Union have hit Russia hard with sanctions.
Russia is the world’s second largest exporter of crude oil, after Saudi Arabia.
It is also the world’s largest exporter of natural gas.
Europe gets almost a third of its oil and about 40 percent of its gas from Russia, through pipelines that pass through Ukrainian territory.
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