President Petro Poroshenko said Ukrainian forces destroyed part of the column that arrived overnight from Russia. The Foreign Ministry in Moscow meanwhile warned about a potential attack on another convoy carrying humanitarian aid.
Gold popped higher today as equities fell on news that a Russian aid convoy is heading to Ukraine and on signs that the new deepening tensions and risk of conflict with Russia is hurting confidence in the euro zone economy.
On Friday, crude oil lost 0.28% as worries over the situation in Iraq and Ukraine waned. As a result, light crude reversed and re-tested the strength of the support zone. Will it stop further deterioration?
NATO said there’s a risk of Russia sending troops into Ukraine under the “pretext” of a humanitarian or peacekeeping mission after President Vladimir Putin massed soldiers on his country’s western border.
West Texas Intermediate dropped for a fourth day, slipping below $100 a barrel, as the dollar headed for its biggest monthly gain against the euro since last February, curbing the appeal of the commodity. Brent decreased in London.
Russia relies on companies including Exxon Mobil Corp., BP Plc, Halliburton Co. and Schlumberger Ltd. for the latest technology and expertise it needs to develop an estimated $7.58 trillion in oil and natural gas resources that sprawl across nine time zones.