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Evening Standard
Evening Standard
Business
Simon English

FTSE: ‘Valentine’s Day massacre’ as shares plunge, oil soars on fears of war in Ukraine

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.

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