Why Russian oil stocks are rising today? Rosneft, Lukoil, Gazprom Neft surge as Brent crude jumps — Is higher crude price and supply fears now inevitable?

Brent crude jumped over 4% and moved above $95 per barrel today. That sharp spike is driving Russian oil stocks higher. Rosneft, Lukoil, and Gazprom Neft are gaining as oil prices surge on Middle East supply fears. Nearly 20% of global oil flows through the S…