Tough days ahead? Oil prices surge to $110 a barrel as Russia batters Ukraine
NEW YORK: Oil prices kept surging Wednesday and topped $110 per barrel as Russia’s war continues against Ukraine, but stocks and other markets were showing less fear than a day earlier.
The S&P 500 was 0.9% higher in early trading, while Treasury yields jumped to recover a sliver of their steep losses from the past week. Gold receded, and a measure of nervousness among stock investors on Wall Street was holding relatively steady after swinging sharply in recent days.
