Ukraine said Russia had destroyed homes in the southeast and knocked out power in many areas with a new round of missile attacks as the West imposed a price cap on Russian seaborne oil to try to limit Moscow's ability to finance its invasion.
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China is set to announce a further easing of some of the world's toughest COVID curbs as early as Wednesday, sources said, as investors cheered the prospect of a policy shift that follows widespread protests and mounting economic damage.
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The data added to jitters that the Fed might continue on its aggressive policy tightening path.
- INSIGHTRussian oil sanctions fuel boom for old tankers
The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.