The threat of a Russian invasion of Ukraine is shaking up a fragile global oil market, pushing prices closer to $ 100 a barrel as traders calculate that supplies will struggle to cushion the effect from any significant disruption in Russian fossil fuel exports. Demand for oil has outpaced production growth as economies slowly rebound … Read more
US stocks and bond yields sank Friday, as growing tensions between Russia and Ukraine sent investors flocking to safer assets. All three major US stock indexes finished the day lower, capping another volatile week on Wall Street. Just days ago, it seemed possible that indexes would extend their weekly winning streak to three. But concurrent … Read more
An armored personnel carrier is seen during tactical exercises, conducted by the Ukrainian National Guard, in the abandoned city of Pripyat near the Chernobyl Nuclear Power Plant in Ukraine on February 4, 2022. Gleb Garanich | Reuters Oil will “certainly” hit $ 120 a barrel and the global economy will be “radically altered” if Russia … Read more