Global Markets Fall After Oil Hits $130 a Barrel
U.S. stock futures and global equity indexes dropped after Russian forces intensified strikes across Ukraine and as the threat of a potential ban on imports of Russian oil helped spur a surge in energy prices.
The war in Ukraine, now in its 12th day, has roiled commodity markets, increased tensions between Moscow and the West and led to Russia being unplugged from much of the global financial system. For investors, that has raised questions about the outlook for growth, inflation and interest rates and the potential side effects of Russia’s sudden financial exile.
