Crude Plummeted as Sanctions against Russia Unlikely Affect Supply

Commodities gave up previous gains and end the day in red as there were few breakthroughs after the Crimean referendum result showed that the majority of voters favor joining Russia. Crude oil prices declined with the front-month WTI contract losing -0.82% and the Brent crude contract tumbling -2.16%. Gold also lost ground as investors took profits after rising over the past 5 consecutive days.

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Crude Plummeted as Sanctions against Russia Unlikely Affect Supply