Oil briefly tops $115 as refiners balked at buying Russian oil and stock futures creep down
Since Russia invaded Ukraine at the end of February, the U.S. and allied countries have imposed heavy sanctions on Russia. WSJ’s Shelby Holliday dives into how these sanctions are affecting everyone from President Vladimir Putin to everyday Russian citizens. Photo: Pavel Golovkin/Associated PressU.S.
stock futures crept down while oil prices continued to surge, as investors monitored Russia’s invasion of Ukraine and how a jump in commodities prices is likely to impact inflation and the Federal Reserve’s monetary policy.. Contracts for the tech-focused Nasdaq-100 declined 0.4% and futures for the Dow Jones Industrial Average fell 0.2% Thursday.
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