MARKET WRAP: JSE weaker, oil prices hit multiyear high
Concerns the West is gearing up to ban Russian oil and gas sent the price of crude above $130 a barrel for the first time since 2008
07 March 2022 – 18:36
The JSE was weaker, in line with its global counterparts on Monday, while oil prices surged to a 13-year high amid concerns the West is gearing up to ban Russian oil and gas due to its continuing invasion of Ukraine.
Russia has intensified its operations in Ukraine, with a US official confirming further sanctions are being considered, which sent the oil price above $130 for the first time since 2008…
Source: businesslive.co.za
