Russia-Ukraine – oil to hit $100 per barrel?

What is the state of play in the Russia-Ukraine oil situation today? Today’s This is MONEY and Telegraph cover the escalating tensions between Russia and Ukraine, and whether oil could hit $100 per barrel. UK shares lost £45bn in value yesterday amid reports Russia could invade Ukraine imminently. Heavy losses were also recorded on Wall … Continued

F&O in the press – Biden releases 50m barrels of oil

Today’s Telegraph leads with US President, Joe Biden’s decision to release 50 million barrels of oil from US reserves in a bid to lower prices at petrol pumps. Supply shortages have led to gasoline prices doubling over the past year to an average of $3.40 per gallon, coinciding with multi-year inflation readings. Whilst Americans will … Continued