Stocks rise as oil extends rally on Russia embargo talk

HONG KONG, China - Oil prices extended their rally on Tuesday on supply worries as European leaders debated banning imports from Russia, while equities advanced despite a tepid Wall Street lead and the prospect of a sharper hike in US interest rates.

Adding to the pressure, Saudi Arabia warned that Yemeni rebel attacks on its oil facilities pose a "direct threat" to global supplies, after Red Sea facilities belonging to giant Saudi Aramco were targeted. "It seems energy traders are growing more confident that supply shortages are just around the corner," warned Oanda's Edward Moya.

And Fed chair Jerome Powell on Monday indicated the bank could hike rates faster to keep a leash on inflation, less than a week after it announced what is expected to be a number of increases this year.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MONEY LIVE | Oil extends rally on Russia embargo talk, stocks rise | Fin24MONEY LIVE | Oil extends rally on Russia embargo talk, stocks rise.
Source: Fin24 - 🏆 21. / 63 Read more »

Oil extends rally on Russia embargo talk, stocks riseOil prices extended their rally on supply worries as European leaders debated banning imports from Russia.
Source: eNCA - 🏆 49. / 51 Read more »

Oil prices rally, stocks mixed tracking Ukraine crisisStock markets traded mixed, as Ukraine rejected a Russian ultimatum to surrender its besieged southern city of Mariupol. please follow this up 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Nelly_wa_Macha 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜
Source: eNCA - 🏆 49. / 51 Read more »