Before the Bell | Oil tops $130 a barrel as Russian attacks escalate

Moomoo Breakfast US wrote a column · Mar 7, 2022 05:23

By Jack

Hey, mooers! Here are things you need to know before the opening bell:

- U.S. equity futures fell Monday morning as U.S. oil price briefly jumped to their highest level since 2008 amid the ongoing war between Russia and Ukraine.

- The global supply chain is slow, but the economic fallout from the invasion of Ukraine is swiftly raising prices for producers and consumers world-wide. "It seems to be overshadowing everything now."

Market Snapshot

U.S. equity futures fell Monday morning as U.S. oil price briefly jumped to their highest level since 2008 amid the ongoing war between Russia and Ukraine.

$Dow Jones Industrial Average(.DJI.US)$ futures lost 463 points, or 1.40%, while $S&P 500 Index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures slid 1.47% and 1.58%, respectively.

Before the Bell | Oil tops $130 a barrel as Russian attacks escalate

Top News

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.

Oil Tops $130 a Barrel as Russian Attacks Escalate

Prices for April deliveries of crude have shot up since Russia invaded Ukraine and buyers began shunning the aggressor's oil exports.

U.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports

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How War in Ukraine Drives Up Inflation at U.S. Farms, Supermarkets, Retailers

The global supply chain is slow, but the economic fallout from the invasion of Ukraine is swiftly raising prices for producers and consumers world-wide. "It seems to be overshadowing everything now."

Dollar Strength Builds as Ukraine War Deepens

The ICE U.S. Dollar index hits its highest level since May 2020 as investors dash to safer assets.

Investors See Bullish Signals Under the Stock Market's Surface

Many investors see reason for optimism when stocks from different corners of the market rally simultaneously. Such moves hint at the underpinnings of a durable advance.

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Norilsk Nickel is a key supplier of nickel and palladium, two metals that are key for electric-vehicle batteries and semiconductors.

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