By Gina Lee

Investing.com – Oil was up on Monday morning in Asia, hitting a more-than-seven-year high over . A Russian invasion could lead to sanctions from the United States and Europe, which would disrupt Russian exports on a tight market.

The price of coffee rose 1.2% to $95.59 (11:57 PM ET) (3:57 AM GMT) from $96.16, after previously hitting $96.16, the highest level since October 2014. It was close to the session high of $94.94, which is the highest since September 2014.

According to the U.S., Russia can invade Ukraine at anytime. This warning was made on Sunday. It could be used as a surprise pretext.

Brent crude oil will rise above $100, if troop movements occur. OANDA analyst Edward Moya wrote in a note, “Oil prices will continue to remain extremely volatile” and be sensitive to small updates about the Ukraine situation.

These tensions come amid the Organization of the Petroleum Exporting Countries and allies (OPEC+)’s struggle to meet its production goals. The cartel promised to double production from March 2020 through March 2022 by increasing its output by 400,000 barrels each day (bpd).

According to the International Energy Agency, the gap between OPEC+ and its goal widened to 900,000. OPEC+’s gap was at 1.2million bpd. JP Morgan said that “We observe signs of strain across group: Seven members of OPEC-10 failed quota increases for the month,” JP Morgan analysts stated in a February 11 note.

The super-cycle is full swing, with oil prices “likely to exceed $125 per barrel due to widening risk premium” the note said.

Investors also monitor talks between Iran and the U.S. to revive the 2015 nuclear agreement, which could add Iranian supplies to the international market. A senior Iranian security officer warned Monday however that talks are becoming “more complicated”.