[Special Stock] Oil Prices Surge Due to Ukraine War... Kuro Holdings Rises for Two Consecutive Days 'Up'

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] As the Ukraine war began and energy prices were expected to rise, Curo Holdings has recorded the upper price limit for two consecutive days.

As of 10:30 a.m. on the 25th, Curo Holdings recorded 913 won, up 29.87% from the previous day. The company also closed at 703 won, up 29.94%, the day before.

Curo Holdings has been soaring since the day before as it highlighted its resource development business through its subsidiary Curocom Energy located in Texas, USA.

Earlier, Russian President Vladimir Putin abruptly declared the start of a military operation against Ukraine the day before, and a series of explosions were witnessed in various places including the capital Kyiv in Ukraine.

Concerns are growing that Russia's invasion of Ukraine could disrupt oil and natural gas supplies, causing international oil prices to surge. International oil prices rose more than 5%, and especially Brent crude futures prices exceeded $100 per barrel (about 120,000 won) for the first time since 2014 following Russia's announcement of the military operation in Ukraine.

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