Oil rallies as US and UK announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial newsBiden bans Russian oil imports in response to Ukraine invasionUK announces ban on Russian oil by end of 2022Oil jumps as US to announce ban on Russian oil importsLondon Metal Exchange cancels today’s nickel trades after prices hit $100,000Bloomberg: Chinese Tycoon Behind Big Nickel Short Faces Billions in LossesShell to pull out of Russian oil and gas marketEconomists slash UK growth forecasts as inflation surgesEurope’s stock markets are calmer this morning, after recent heavy falls.In London, the FTSE 100 index is down just 12 points, or 0.2%, having hit seven-month lows at one point yesterday before partially recovering. Continue reading…

Rolling coverage of the latest economic and financial news

Europe’s stock markets are calmer this morning, after recent heavy falls.

In London, the FTSE 100 index is down just 12 points, or 0.2%, having hit seven-month lows at one point yesterday before partially recovering.

Continue reading…

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