Ukraine crisis influences gold and crude oil prices

Ukraine crisis influences gold and crude oil prices

Written by Staff Writer

04 Mar, 2014 | 11:07 pm

The escalating situation in Ukraine has prompted the prices of crude oil and gold to increase in the world markets. Reurters reports that the situation had also affected the stock markets globally.

The Price of a barrel of Brent Crude oil went up by 2 US Dollars and 33 cents on Monday. Accordingly, the price of a barrel of crude oil settled at 112 US dollars and 39 cents.

Meanwhile, Gold futures settled up 28 US dollars and 70 cents at 1350 US dollars and 3 cents an ounce. Reuters reported that U.S. government bond prices rose as a result of the military exercises.

Reuters stated that however, with the troops who took part in military exercises in central and western Russia being ordered back, the prices of crude oil and gold fell sharply.


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