World stocks plunge, oil tops $105 as Russia invades Ukraine

Fears have grown across world markets about a major war in eastern Europe

Oil surged past $105 per barrel and equities tumbled Thursday after key crude producer Russia sent forces into Ukraine, accelerating fears of a major war in eastern Europe.

In reaction, oil rocketed more than eight percent, with European benchmark Brent prices briefly cruising past $105 per barrel for the first time since 2014, while aluminium and wheat surged to record peaks on fears over output from major exporter Russia.

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