* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Brent oil hits 8-year high, Bitcoin plunges as Ukraine crisis escalates


Share post:

Working pumpjacks are seen in the Montebello Oil Field in Montebello, California, on Wednesday. (Photo: AFP)

Brent oil surged to US$100 a barrel for the first time since 2014 as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports.

Futures in London jumped as much as 3.3% after a report that Russia’s President Vladimir Putin has decided to conduct a special operation to “protect” the Donbas region. This week, Putin announced he had sent “peacekeeping forces” into the two separatist regions recognised by Moscow, heightening fears among western governments of a full-blown invasion of Ukraine.

Russia is a key supplier of energy to global customers, with Europe relying on the nation for about a quarter of its oil supplies and a third of its gas.

Meanwhile, Bitcoin slumped to a one-month low.

The largest token fell as much as 7.4% to $34,783 after an…

Read more…

Related articles

Uniswap moves onwards and upwards as increasing dominance spills into this area

Uniswap’s NFT aggregator registered a sharp uptick in sales volume and active users. Native token UNI jumped by 3.61%...

Game Devs Surprisingly Skeptic About Blockchain and NFTs, Report Says

Vladislav Sopov State of Game Industry 2023 report by Game Developers Conference that kicks off in San Francisco in...

This Week in Coins: Ethereum Drops as Aptos, Axie, Avalanche See Big Gains

Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market's fourth consecutive week of marketwide gains....

What’s Next for NFTs?

Stories from this week suggest that brand involvement and entertainment partnerships are likely paths forward. Read more...