![]() and Europe and disrupt energy exports from the world's top producer.Brent crude futures was at $95. ![]() Oil prices clamber towards 7-year highs on Russia-Ukraine tensionsSINGAPORE : Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. German troops arrive to reinforce Baltics amid tensions over Ukraine Ukraine tension reins in euro, drives rush to safe-havensSINGAPORE : The dollar and safe-haven currencies held gains and riskier ones struggled for traction on Monday, with traders on edge about the prospect of war in Europe and unsettled by soaring inflation.The risk of war in Ukraine has seen the euro retreat to $1.1360 from last week's top of $1.1495. Ukraine said Russia had destroyed it, while Russia said Ukraine sabotaged it to cut off water supplies to Crimea and distrac Read more > What is the Kakhovka dam in Ukraine - and what happened?Ī huge Soviet-era dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine was breached on Tuesday (Jun 6), unleashing floodwaters across the war zone. 16, a date that some Western media have cited as a possible start of a Russian invasion. Investors were spooked somewhat overnight by Ukrainian President Volodymyr Zelenskiy calling on citizens to fly the country's flags from buildings and sing the national anthem in unison on Feb. Moves were slightly more cautious elsewhere and the overall result was that the dollar index, which tracks the greenback against six peers was at 96.244, just off Monday's two-week high. The yen was at 115.33 per dollar, after briefly hitting 114.99 on Monday, its strongest in a week. The euro was at $1.1308 in early Asia having touched $1.1278 the day before, its lowest in a week-and-a-half. HONG KONG : Tensions in eastern Europe weighed on the euro on Tuesday and pushed demand for the dollar and the safe-haven yen, while the greenback was also helped by debate about more aggressive U.S. Reflecting the uncertainty, stock markets were sliding lower. interest rate hikes.The euro was at $1.1308 in early Asia having touched $1.1278 the day before, its lowes HONG KONG : Tensions in eastern Europe weighed on the euro on Tuesday and pushed demand for the dollar and the safe-haven yen, while the greenback was also helped by debate about more aggressive U.S. Oil Markets on Edge as Russia-Ukraine Tensions Drag On - WriteCaliber Oil prices are well over 90 a barrel, and an invasion would most likely push them above 100. HONG KONG : Tensions in eastern Europe weighed on the euro on Tuesday and pushed demand for the dollar and the safe-haven yen, while the greenback was also helped by debate about more aggressive U.S. Secretary of State: To allow Russia to violate those principles with impunity would drag us all back to a much more dangerous and unstable time, when this continent and this.
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