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CMC Markets

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Stock price CMCX
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Number of employees575 worldwide (2016)
Ceo Peter Cruddas
Revenue209. 1 million GBP (2018)
Owners Peter Cruddas
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Date of Upd.
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About CMC Markets


CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore and a further 11 offices internationally.

Oil soars past $100 after Russia orders troops into Ukraine

Feb 16,2020 7:36 am

Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a " special military operation" in The Eastern Donbas region of Ukraine.

These are the highest levels seen by The International benchmark Brent crude futures in More Than seven years.

before cooling amid economic sanctions and moves to block a Russian gas pipeline.

Russia is The Second biggest exporter of Crude Oil after Saudi Arabia .

It is also The World 's largest natural gas exporter.

" We could see prices keeping the momentum, " said Tina Teng, a markets analyst at Cmc Markets .

" Investors are concerned about an even tighter supply, caused by the US sanctions on Russia to target The Key supply source, the Nord Stream 2 gas pipeline, " she told The Bbc .

Nord Stream 2 is a 1,200km pipeline under the Baltic Sea , which will take gas from The Russian coast near St Petersburg to Lubmin in Germany.

The pipeline does Not Yet have an operating licence - and Germany has now put this on hold.

It took the step after Russia formally recognised two breakaway regions in eastern Ukraine, and sent troops there.

The US, UK and some of their allies have also imposed in response to Mr Putin's actions against Ukraine.

The UK has frozen The Assets of five banks and three Russian billionaires, who have also been hit with travel bans.

On Tuesday, Boris Johnson said these sanctions were a " first barrage" and could be extended.

" The moves by Russia suggest economic sanctions are not having any significant impact in holding off aggression, " said Yeap Jun Rong, a market strategist at IG.

" With retaliation measures coming from Western powers soon, it seems that The Situation may show no signs of easing, " he added.

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Source of news: bbc.com

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