Brent crude futures rose by almost $1 to above $108 a barrel on May 2 as fighting between Ukraine's army and a pro-Russian group in the east intensified, stoking fears of energy supply disruptions from the region.
Russia's War Against Ukraine
Reuters: Oil lifted as Ukraine tumult stokes supply shock fears
Russia accounts for only 15 percent of the oil products that Ukraine consumes and provides just some 60,000 tons of gasoline and 2 million tons of diesel fuel.