Russia-Ukraine disaster LIVE Updates:
Oil eased on Monday from its highest in additional than seven years as Ukraine hinted at attainable concessions to Russia that would alleviate tensions between the 2 international locations that Western governments say are on the point of struggle. Brent crude rose 5 cents to $94.49 a barrel by 10:55 a.m. EST (1555 GMT), after touching its highest since October 2014 at $96.16. US West Texas Intermediate (WTI) crude rose 46 cents to $93.56 a barrel, after hitting $94.94, the loftiest since September 2014.
World shares skidded on Monday as warnings that Russia may invade Ukraine at any time drove oil costs to seven-year peaks, hit the euro and despatched traders scuttling again to the safe-haven authorities bonds they’ve been dumping all yr. The ratcheting issues despatched Europe’s STOXX 600 share index tumbling 2.7% and pushed Wall Road futures down practically 1% earlier than feedback from Russia’s Overseas Minister Sergei Lavrov that diplomatic efforts ought to proceed helped win again a few of the misplaced floor.
Germany’s Chancellor Olaf Scholz visited Ukraine on Monday and plans to go to Moscow as properly in what appears to be a last-ditch try to keep away from a feared Russian invasion that as per a US intelligence report may start as quickly as Wednesday. The Russia-Ukraine battle has reached an inflection level with European stability and the way forward for East-West relations hanging within the stability. Russia has deployed over 100,000 troops close to the Ukraine border. US President Joe Biden has warned that the US and its allies would reply decisively and impose swift and extreme prices if Russia invades Ukraine.
First Printed: IST