A recent news article published in the Guardian states that oil prices hit seven-year highs close to $100 after Russia moves troops into Ukraine – as it happened.
Deepening Ukraine crisis
The deepening Ukraine crisis has sent global stocks tumbling and crude oil surging. Last night, Russian president Vladimir Putin ordered his military to enter the Russian-controlled areas of southeast Ukraine.
In a lengthy televised address, he had recognised the territories of Donetsk and Luhansk as independent states.
US and UK condemn the move
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Source: The Guardian