€1.50
THURSDAY 3 MARCH 2022 • ISSUE 145
WWW.BUSINESSTODAY.COM.MT
PAGE 11
PAGE 5
PAGE 3
Oil prices surge to
$110 a barrel amid
Russia-Ukraine crisis
Malta Chamber
puts forward
100 proposals
for next
legislature
Russian banks
are banned from
SWIFT... but what
does it mean?
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 2 Mar 2022
Number of Trades: 51
Turnover: €792,473.40
MSE TRX Index: 7,636.565
(Change: 0.063%)
Name 3.8% HLF 2029
MT0001891218 - Currency €
Last Traded 2 Mar, 2022
Price 100.000
Change 1.000
US Dollar 1.1108
British Pound: 0.83180
Japanese Yen: 128.40
Australian Dollar: 1.5263
Swiss Franc: 1.0242
7,439.61
109.41
7,462.22 / 7,320.77
Value
Net variation
High / Low
-1.49%
PAUL COCKS
OIL prices are surging again
as Russia continues its assault
on Ukraine, pushing crude up
to $110 a barrel. Higher ener-
gy prices could worsen the
inflation that's already threat-
ening economies worldwide
and prompting concern
among central banks.
e International Energy
Agency's 31 member coun-
tries have agreed to release
60 million barrels of oil from
their strategic reserves — half
of that from the United States
— "to send a strong message
to oil markets" that supplies
won't fall short after the Rus-
sian invasion of Ukraine.
e board of the Paris-based
IEA made the decision at
an extraordinary meeting of
energy ministers chaired by
US Energy Secretary Jennifer
Granholm.
