By Laura Barron-Lopez - 04/14/14 09:13 AM EDT
The price of crude oil fluctuated on Monday around $104 a barrel amid tensions in Ukraine.
U.S. crude for May delivery dropped 11 cents to $103.63 a barrel on the New York Mercantile Exchange by early afternoon in Europe on Monday. Earlier in the day, however, the price reached $104.55, the Associated Press reports.
"This standoff has been regarded as potentially disruptive to Russian gas supplies to Europe, however at this point we see a cutoff to the EU as unrealistic," said a report from analysts at JBC Energy in Vienna.