The global financial markets fluctuated on the 22nd (local time) as Russia said it would send troops to Ukraine in the name of so-called “peacekeeping forces” and the U.S. government imposed sanctions on Russia against them.
The European stock market, which plunged more than 2% on Russia’s DPR and LPR independence approval forecast the previous day amid the “sanctions lukewarm” evaluation, remained generally steady on the same day.
Germany’s Frankfurt stock market’s DAX30 index closed at 14,693.00, down 0.26 percent from the previous trading day’s closing price, while France’s Paris stock market’s CAC40 index closed at 6,787.60.
The pan-European index Euro Stoxx50 closed at 3,985.47, down 0.01%, but the FTSE 100 in London, England, closed at 7,494.21, up 0.13%.
Brent oil is close to $100…International oil prices were also shaken by the news of international gold prices, the highest since June last year = Russia’s armed measures and subsequent sanctions by Western countries.
Brent crude oil on the ICE Futures Exchange in London once soared to $99.5 a barrel, threatening the $100 mark. Brent crude oil, which has since turned stable, is trading at $96.33 a barrel as of 9:24 p.m. (London local time).
On the New York Commercial Exchange (NYMEX), West Texas crude oil (WTI) closed at $92.35 in March, up 1.4% ($1.28) per barrel. WTI also soared to $96 a barrel during the day.
This is the result of concerns that if Russia, the world’s third-largest oil-producing country, is subject to export sanctions due to the invasion of Ukraine, international crude oil supply will decrease, putting upward pressure on oil prices.
Therefore, if the Ukrainian crisis becomes more serious, international oil prices may exceed $110 a barrel, Lipioil Associates predicted.
Gold prices, a representative safe asset, continued to rise amid rising tensions.
On the New York Mercantile Exchange, April delivery closed at $1,907.40, up 0.4% ($7.60) per ounce, the highest price since June 2 last year.
