West Texas Intermediate was at $95.55 USD Thursday morning, soaring as world stock markets are plummeting following Russian attacks in Ukraine..Oil prices in North America and Europe jumped to or above $100 USD, the highest prices since 2014..Following the bombing and airstrikes in Ukraine, the Russian stock market crashed losing value of almost $200 billion, said Bloomberg..The Russian currency, the ruble, has plummeted to record lows..Ruble to Canadian dollar is now 66.9.₽ to $1, whereas in the past year the Ruble stayed below 60.₽ to $1..The Russian market closed Thursday overall down 33%, the biggest downturn ever..Russia’s central bank intervened with emergency action for the first time in years in an effort to calm volatility Thursday.. Screen-Shot-2022-02-24-at-12.41.22-PMNasdaq Composite, market index .Markets around the world— including Nasdaq’s market index — dipped sharply Thursday morning..European markets closed with downturns, London’s FTSE 100 fell 3.9% and the German DAX went down 4%.Big Russian investors sold assets quickly as the attacks on Ukraine commenced and Western sanctions increase..Ewa Sudyk is a reporter for the Western Standard.,.ewasudyk@westernstandardonline.com
