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Reading: Oil hits multi-month peaks; Ukraine war fears trigger surge
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PhotoNews Pakistan > World > Oil hits multi-month peaks; Ukraine war fears trigger surge
World

Oil hits multi-month peaks; Ukraine war fears trigger surge

Web Desk
By Web Desk Published March 3, 2014 1 Min Read
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Gas and oil prices have risen amid fears the Ukraine crisis could have a damaging effect on one of Europe’s main energy supply routes.

Gas futures climbed by up to 10% in early trading, while the benchmark price for oil rose by more than 2%.

Traders are worried about the stability of supplies from Russia, which provides a quarter of Europe’s natural gas, half of it through Ukraine.

 

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