Oil Prices Hit 5-Month Highs
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
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A Russian airplane carrying more than 200 people on board has reportedly crashed in Egypt's Sinai peninsula on Saturday.
The information on the crash has been confirmed by the office of the Egyptian Prime Minister, the BBC reports.
The airplane operated by Kogalymavia airline was conducting flight 92-68 from the Egyptian resort of Sharm el-Sheikh to Saint Petersburg.
The Airbus A-321 had just taken off from the Red Sea resort when it went missing from the radars.
There were conflicting reports about the fate of the plane, some suggesting it had disappeared above Cyprus as it had failed to contact Larnaca.
According to the latest reports, there were 217 passengers and seven crew members on board.
Most of the passengers are said to be Russian tourists.
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