“Our expectations remain that the conflict will be with markets for the foreseeable future and the global economy will continue adjusting to the realities of the supply disruptions,” said Ian Lyngen at BMO Capital Markets.
Both main crude contracts rose more than 1 per cent Tuesday, and the lack of any progress in ending the conflict continues to put upward pressure on fuel costs.
Average UK diesel prices have hit a record high, according to the RAC motoring organisation.
Equity markets struggled following a day in the red for all three main indexes on Wall Street.
Tokyo, Seoul, Hong Kong, Shanghai, Singapore, Taipei, Wellington, Manila and…
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