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WTI surged nearly 4% to $94.43 after Putin vowed independence for two Ukrainian rebel regions.

Reporters reported that WTI oil price It rose nearly 3.7% this morning. After Russian President Vladimir Putin declared the status of an independent state of the Donetsk People’s Republic and Luhansk People’s Republic. which is located in the Donbas region of Ukraine And it is an area where the majority of people are interested in Russia.

By 6:26 a.m. Thai time, the West Texas Intermediate Crude Oil (WTI) contract was delivered in March. It rose $3.36, or 3.69 percent, at $94.43 a barrel.

However, WTI oil prices fell immediately after President Putin signed a decree certifying the independence of the Donetsk and Luhansk People’s Republics. The certification raises concerns that it will create a new conflict over the Ukrainian crisis. Because it is considered to be torn up the Minsk agreement. which aims to end the separatist war in Donbas After killing 15,000 separatists and Ukrainian troops

Putin made the announcement in a statement that was televised across Russia on Monday evening (Feb 21) local time. or corresponds to the early morning of Tuesday (February 22) in Thai time

“I have considered that I had to decide what I should have done a long time ago. And today I declare to certify the status of an independent state and independence of the Donetsk People’s Republic and the Luhansk People’s Republic.” President Putin said