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Read more about Monday Mayhem: Ukraine-Russia clash, oil prices send Sensex 1,500 pts down on Business Standard. There are no worries till Nifty trades above the 16,800 level but if Nifty slips below 16,800, then things may become ugly

There are no worries till Nifty trades above the 16,800 level but if Nifty slips below 16,800, then things may become ugly

"Sentiment has turned very negative for the short-term, with the heightened tension over the Ukraine crisis. The weakness in global markets is the direct fallout of the Ukraine crisis. Crude at a seven-year high is another major macro concern for India," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

BEIJING - Asian stock markets fell Monday and oil prices rose amid concern about a possible Russian invasion of Ukraine. Tokyo''s benchmark index fell by an unusually wide daily

Petroleum marketers, yesterday, said the Nigerian National Petroleum Corporation (NNPC) Limited is yet to evacuate adulterated petroleum from fuel stations as motorists jostle to purchase premium motor spirit. The post NNPC yet to withdraw dirty fuel as petrol queues linger appeared first on The Guardian Nigeria News - Nigeria and World News .

Asian stock markets are lower and oil prices have risen amid concern about a possible Russian invasion of Ukraine.

US equities had settled lower on Friday and investors at home were cautious amid the second phase of polling in Uttar Pradesh. The market was also unsure of how India''s likely biggest IPO by LIC would influence the secondary market.

The benchmark indices suffered substantial losses in early trade on selling pressure in index pivotals. Global equities skid as tensions rise over Russia''s military buildup near Ukraine. Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia.

https://www.investing.com/news/commodities-news/oil-up-hits-7year-high-over-fears-of-russian-attack-on-ukraine-2763113

That''s a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades

This is worrying for the US Fed and fellow central banks as they seek to contain the strongest price pressures in decades without derailing recoveries from the pandemic.

Comments from the United States about an imminent attack by Russia on Ukraine have rattled global financial markets.

In order to meet its Organization of the Petroleum Exporting Countries (OPEC) quota, Nigeria has boosted its crude oil production by over 200,000 barrels per day (b/d). Data obtained from OPEC’s February Monthly Oil Market Report (MOMR) showed that the country’s output, which slid to around 1.1 million b/d last December, climbed to 1.3 million b/d in January. Nigeria’s output ranged between 1.1 mb/d and 1.2mb/d the whole of last year. The country had shut eight oil terminals between August and October, according to statistics from the Nigerian National Petroleum Company, NNPC, Limited. The affected eight terminals include Forcados, Bonny, Odudu, Brass, Yoho, Urha, Ajapa and Aje. As a result, deferred/lost production in October alone was to the tune of 4,824,946 barrels of oil, the lowest among the figures posted during the three-month period. The shut-ins and losses, according to the report, were due to pipeline vandalism, theft, community interferences, sabotage of oil facilities, among others.

The dollar and safe-haven currencies held gains and riskier ones struggled for traction on Monday, with traders on edge about the prospect of war in Europe and unsettled by soaring inflation. Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger US and European sanctions that would disrupt exports from the world''s top producer in an already tight market.

Spare supplies of oil and gas are limited globally as demand rebounds faster than production, making a Russian move on Ukraine a serious geopolitical risk event.