a minute agoWith Russia-Ukrainian tensions rising, oil prices rise
Periskopi(4 years ago)
(4 years ago)Oil prices are rising in fear that the Ukraine-Russia crisis will break up supply chains worldwide. Private oil future contracts Brant, an international reference point, reached the highest level of seven years of almost 98 dollars (72 pounds) Tuesday after Russia recognised breakaway rebel regions [...]
Oil prices are rising in fear that the Ukraine-Russia crisis will break up supply chains worldwide.
The international oil future contracts, the international reference point, reached the highest level of almost 98 years on Tuesday after Russia recognised the breakaway rebel regions east of Ukraine as independent states.
The United Kingdom and some Western allies have threatened sanctions against the country, the BBC writes.
Russia is the second largest exporter of crude oil after Saudi Arabia.
It is also the world's largest natural gas producer.
Border tensions could have “core impacts”, Sue Trinh said by Manuliffe Investment Management.
