February 22, 2022

Oil surges, stocks tumble as Ukraine crisis escalates

February 22, 2022

Oil surges, stocks tumble as Ukraine crisis escalates
Content:

Oil surges, stocks tumble as Ukraine crisis escalates

Oil jumped to a seven-year high as Europe stands on the brink of war after Russian President Vladimir Putin mobilized troops into eastern Ukraine.  

Brent crude rose 6% to $99.35, its highest since September 2014 and WTI is trading at $95.67. Globally, markets took a dip; the S&P 500 fell 2%, Nasdaq fell 2.7% and European equities dropped 1.3%.  

Take advantage of the oil price!  

In Forex, the Yen rose 0.2% to a three-week high of 114.50p/d, while the Euro fell 0.1% to $1.1296. Unsurprisingly the Russian Rouble hit a one-month low of 80.289 per dollar. 

Traders turned to commodities such as oil, nickel, and aluminium  are at risk of supply disruptions if the situation deteriorates.  

The ongoing crisis in eastern Europe is affecting global markets with huge uncertainty and there’s no end in sight. 

Ready to start Online Trading? Open an account today        

Join CMTrading, the largest and best-performing broker in Africa, and discover more opportunities with an award-winning broker. Register here to get started            

Follow us on Facebook, Instagram, LinkedIn, Twitter, and YouTube 

Disclaimer
Trading involves a significant risk of loss and is not suitable for all investors. It’s important to understand the risks and seek advice from an independent financial advisor if necessary.

The information provided here does not constitute investment advice.

Facebook
Twitter
LinkedIn
WhatsApp
Email

Content:

Follow us on:

Start Trading Now!

Recent Posts

Gold
How To Invest In Gold In South Africa

  Investments in precious metals, particularly gold, tend to keep their value in the financial markets for extended periods. They thereby offer commodity merchants a permanent safe haven.   Beyond its flashy exterior, gold has

Read More »
Trade Schools
What Are The Best Trade Schools In South Africa

  Technical Vocational Education and Training (TVET colleges) or Trade schools, which offer specialized education in a range of skilled trades, are essential parts of South Africa’s educational system. These educational establishments have a functional,

Read More »

Leaving so Soon?

Register now and get $300 extra using promo code CMT300

T&C Apply | Min Deposit $300 | Max. Reward $300