Oil prices reached their highest level since 2014 on the back of the Russian-Ukrainian conflict, crossing the $100 mark yesterday. During the day the growth of quotations reached 9 - 10%. In the evening the Brent brand added 7.36% and was trading at $105.15, while the price per barrel of WTI was $103.70 (+8.34%). Fears of a global market deficit due to a reduction in oil exports from Russia, which could occur because of sanctions, reinforced a statement from the European Parliament on Tuesday. Calling an emergency meeting, it called for a reduction in imports of significant Russian goods, including oil and gas. Among other things, it advocated completely disconnecting Russia from SWIFT. The initiative was supported by an overwhelming majority of deputies - 94%. Meanwhile, by the end of the day European major stock indexes fell by 4%. In addition to the foreign policy, the pressure on them was given by the growth of inflation in Germany in February to 5.1%. American indices also continued their decline, which was within 2%.