The barrel of Brent reaches 140 dollars for the first time since 2008 and the Ibex-35 yields more than 2% at the beginning of the session
Vertigo Monday in all international markets. That of raw materials linked to energy remains on the rise, with a record like the one that oil is setting from the first hour of the session. At this time, the barrel of Brent is already on the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20% at the beginning of the session due to fears that the United States could impose restrictions on the sale of Russian crude.
Before the opening of the stock markets of the Old Continent, however, the price of Brent eased slightly to stand somewhat above 128 dollars per barrel, still 8.5% above last Friday’s settlement price.
The US Secretary of State, Antony Blinken, acknowledged this Sunday that his country has begun to discuss with the European Union and the rest of its allies the possibility of prohibiting imports of Russian oil as a new measure of pressure against Russian President Vladimir Putin. , for the invasion of Ukraine.
In the case of gas, it has exceeded all the limits recorded so far. Its price on the international market is at around 260 euros/MWh at this session start. On Friday it closed at around 190 euros/MWh and it was already a stratospheric figure. In fact, the price of electricity today reaches its historical record of 442 euros/MWh, a reference never seen in Spain in its entire history, which will cause a new increase in the electricity bill for this month.
The Stock Exchange has started the session with another new setback that stands at around 2%, with which the Ibex-35 is trading at 7,550 points. The war in Ukraine has caused a massive flight of investors that the week ended with a 9% collapse for the Ibex-35, the most serious since March 2020, in the midst of the outbreak of the coronavirus crisis. With a new decrease of 3.6% on Friday, the main Spanish selective was below 7,800 points for the first time since the beginning of 2021. But it was not the only one that has suffered. The red numbers approached 4.5% in Germany, 5% in Paris and exceeded 6% on the Italian Stock Exchange.