The price of New York (Reuters) -Oil rose more than 1% on Monday, with a $ 114 crude oil topping a barrel, due to blackouts in concern in Libya for a strict global supply in the midst of the Ukrainian crisis.

Increasing the pressure supply of sanctions in Russia, the Libyan National Oil Corp said on Monday said “painful closure wave” began regarding the facilities and declared Force Majeure in Al-Sharara Oilfield and other sites.

“With global equipment now very tight, even the smallest disorders likely to have outsized impact on prices,” said Jeffrey Halley, analyst at Brokerage Oanda.

Brent crude, global benchmarks, rose $ 1.46, or 1.3%, to complete $ 113.16 per barrel. The contract rose to $ 114.84 per barrel, the highest since March 28.

US. Middle West Texas rose $ 1.26, or 1.2%, to complete $ 108.21 per barrel. The benchmark reached $ 109.81 per barrel, also the highest since March 28.

Deeper supply emphasis. Russian production fell 7.5% in the first half of April starting in March, Interfax reported on Friday, and the EU Government said last week the executive block was compiling a proposal to ban Russian crude.

The comments came before escalation in the Ukrainian war. Ukrainian authorities said missiles hit Lviv early on Monday and the explosion rocked other cities when Russian troops retained their bombings after claiming near full control of Mariupol port.

In a bearish signal for the price, China’s economy slowed in March, taking insulting the first quarter growth rate and worsened the outlook that had weakened by Covid-19 curbs.

Data on Monday also showed China processed 2% less in March than the previous year, with the through to fall to its lowest since October because the surge in crude oil prices was squeezed margins and tight locking reduced.

Oil surged to the highest since 2008 in March, with Brent briefly reached $ 134.

“There are still some confusion about whether they reopen their economy, so we get a mixed signal from China and who have presented a lot of volatility this morning,” said analyst Futures Group Phil Flynn.