News Snapshot:
Oil prices rose sharply along with gold on Tuesday on energy supply worries as the Russia-Ukraine crisis escalated after Moscow recognised two breakaway regions of Ukraine as independent states and Russian President Vladimir Putin authorised sending troops to the two separatist republics. Brent, the global benchmark for two thirds of the world's oil, climbed 2.02 per cent to $97.32 per barrel at 10.25am UAE time, while West Texas Intermediate, the gauge that tracks US crude, rose 3.66 per cent to $94.40 per barrel. Gold, a safe haven against rising inflation that was already ascending before latest developments, touched an eight-month...
