Oil price sees further gains on sanctions talk, while equities slip Posted on March 24, 2022 by cngpump The recent rally across equities over the past week appears to have run its course for now as investors nervously track developments in the Ukraine war, with efforts to reach a diplomatic solution crawling along. Related posts: Here’s how oil’s historic surge is impacting Asia stock markets Oil firms amid supply worries, but heads for sharp weekly decline EU launches new sanctions against Russia, targets energy sector Kerala HC declines to stay OMCs decision to hike price of bulk diesel purchase EU to phase out Russian energy, offer Ukraine support but no fast-track membership Ukraine crisis: India in talks to buy discounted Russian crude oil Oil price falls 5 per cent, cools down from Russian oil shock rally Fuel price hike: “Significant damage” to consumers’ budgets likely, says Chief Policy Advisor of EY Eni pledges more gas for Europe to help cut reliance on Russia ANALYSIS-Ukraine crisis forces world to confront its oil and gas addiction