Gas and oil prices soar and petrol could be next: Ukraine crisis shocks world markets amid fears Russia’s energy resources will be hit by trade sanctions

Tuesday, March 4, 2014
By Paul Martin

4 March 2014

Wholesale gas prices rose the most in two years yesterday as markets reacted to the crisis in Ukraine.

Fears that supplies to western Europe could be affected saw the price surge by 10 per cent at one point.

The cost of crude oil also rose – driven by fears that Russia, which is a major producer, might be hit by trade sanctions.

The turmoil spilled over into stockmarkets, with big falls in share prices in London and New York.

The Rest…HERE

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