Oil prices rally, stocks mixed tracking Ukraine crisis

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Stock markets traded mixed, as Ukraine rejected a Russian ultimatum to surrender its besieged southern city of Mariupol.

"Oil prices are up noticeably as the new week of trading begins," noted Commerzbank analyst Carsten Fritsch as Brent and WTI won four percent.

Crude futures won support also on news that Yemeni rebels had attacked facilities belonging to oil giant Saudi Aramco. The Saudi-led military coalition that backs Yemen's government said it intercepted and destroyed ballistic missiles and drones launched towards Jizan and other areas in the kingdom, causing"damage" to several sites.

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