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Energy supplies under threat

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 March 2022
Financial screws turned on Russia as insurers exit, London stocks halted
  • #Oil prices soared, extending the recent rally in a volatile session on growing fears of a disruption to global energy supplies after Russian troops bombarded and captured Europe’s largest nuclear power station
  • Russia's global financial isolation intensified as the London Stock Exchange suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow's invasion of Ukraine
  • The #euro tumbled below $1.10 for the first time in almost two years and hit a fresh seven-year low versus the Swiss franc as risks in Ukraine escalated, lowering expectations of European economic growth
  • #BTCUSD dove 5.2%
  • #WTIUSD exploded 4.7%
  • #XAUUSD skyrocketed 1.6%


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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.