World gold and crude oil prices have risen sharply since Ukraine’s invasion of Russia.
Brent crude has risen above 101 Dollars a barrel on the world market, while gold has risen by 40 an ounce.
Brent crude traded at 101.22 cents in the Singapore market, while WTI crude traded at $96.42 cents.
Gas prices rose 4% Dollars to cents per MMBtu.
It should be noted that Asian stock markets are in a slump after Russia’s attacks on Ukraine.
Explosions have been heard in the Ukrainian capital, Kyiv, since Russia’s invasion of Ukraine, and martial law has been imposed across Ukraine.
According to British media, Russian President Vladimir Putin has announced a special military operation on Ukraine and demanded that the Ukrainian army surrender.