Oil prices rise and stock markets fall after Russian incursion

The economic impact of Russia's incursion into Ukraine will be felt swiftly, with higher oil prices and a lower stock market the immediate consequence, according to Sky News Business Editor Ross Greenwood. There will be volatility on domestic and international markets after the announcement of yesterday’s incursions and today’s sanctions against Russia. Oil prices are rising rapidly and are now sitting at $US92.35 a barrel with expectations to go to $US100 a barrel. Via news.com.au — Australia’s leading news site https://www.news.com.au