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Oil jumps to $105, gas prices surge and global stocks tumble after Ukraine invasion – business live | Business

Mount Equity Group Tokyo Japan > News > Business > Oil jumps to $105, gas prices surge and global stocks tumble after Ukraine invasion – business live | Business

Time for a round-up.

The Russian invasion of Ukraine has caused turmoil on the ground, and in financial markets. It triggered a sell-off in global stock markets. Prices for oil and natural gas and other commodities such as wheat, along with gold, palladium and other precious metals have surged, as investors fear supply disruptions.

They have piled into gold, European and US government bonds, which are seen as safer investments in times of turmoil. Russian assets have sold off, from the rouble to stocks and bonds.

UK and European stock indices have tumbled between 3% (FTSE 100 index) and 5% (the German stock market).

Brent crude, the global oil benchmark, went above $105 a barrel for the first time since August 2014. It is now at $104.50 a barrel, up nearly 8%.

British gas for next-day delivery has jumped 40% to 280p per therm.

European wheat futures have jumped 20% to a record price of €344 a tonne, the biggest rise in…

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