Russian oligarchs lose £23.5bn as Ukraine crisis deepens – live updates

Reuters

Oil steady as Russia-Ukraine supply fears wane

Oil prices on Wednesday fell from seven-year highs hit the previous day after a first wave of U.S. and European sanctions on Russia appeared unlikely to disrupt oil supplies. Brent crude was down 27 cents, or 0.2%, to $96.57 a barrel at 1247 GMT, after hitting $99.50 on Tuesday, the highest since September 2014. U.S. West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.3%, to $91.55 a barrel, after reaching $96 on Tuesday.