- European stocks slide further as rouble stabilises while Moscow stock exchange remains shut for second day
- Maersk and MSC halt container shipping to and from Russia
- Putin’s errors could herald big change in global finance – Jim O’Neill
- Oil and prices continue to climb; Brent crude back above $100 a barrel
- Ukraine crisis live
Crude oil prices continue to climb, and Brent crude is back above $100 a barrel. It touched $105.79 last Thursday, the highest since August 2014, after Russia’s invasion of Ukraine.
At the moment, the global benchmark is $3.50 higher at $101.44, a 3.5% gain. US light crude has added 3% to $98.51 a barrel.
There were certainly several positives for the UK’s manufacturing sector in February as 64% of manufacturing businesses remained optimistic.
However, this success comes with a health warning as the Ukrainian crisis deepens and the potential for higher commodity prices, disruptions to supply and economic pain must be considered by businesses as they try to build resilience into their supply chains in the coming months.
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