A long war between Russia and Ukraine could make prices surge and stocks tumble
CNN
If Russia invades Ukraine, global stock markets could be in for a rough ride — much worse than most other geopolitical events of the past several decades.
A Russian invasion of Ukraine could further disrupt supplies of crude, potentially leading prices that are already their highest in seven years and approaching $100 a barrel, to even loftier levels.
"The conflict between Russia and Ukraine is likely to push crude oil prices above $100 a barrel sooner than earlier projected," said Naeem Aslam, chief market analyst with AvaTrade, in a report Monday. "The potential jump in oil prices depends on what sort of sanctions the United States of America and its allies are likely to impose on Russia if it actually invades its neighbor."
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