
Tensions are high in Ukraine
(Picture: Getty Images)OIL hit a seven-year high, gas prices jumped by more than 10% and shares across Europe wobbled as markets fretted about rising tensions between the US and Russia over Ukraine.
In what was predictably dubbed a Valentine’s Day massacre, the FTSE 100 lost 130 points to 7529 with travel and bank shares hit hardest. The index fell over 2% at one point.