Global crude oil prices hit nine year high of 115 dollars per barrel amid Russia Ukraine crisis

Golbal crude oil prices today hit nine year highs of 115 dollars per barrel mark in intra-day trade amid worries over supply constraints due to Russian military operation in Ukraine. Brent crude oil rose more than five percent in intra-day trade towards 120 dollars per barrel level and is now up nearly 20 percent on the weekly basis. Investors showed concern over costlier crude prices which could push inflation even higher world-wide. Inflation rates has already hit multi-years high levels in ma...