Skip to Content
AP National Business

Oil climbs, stocks swing as US bans Russian crude imports

<i></i><br/>
KMIZ

By
Published 11:16 AM

By STAN CHOE
AP Business Writer

NEW YORK (AP) — Stocks swung, oil prices jumped and the price of nickel surged so much that trading for it was shut on Tuesday. The economic fallout from Russia’s invasion of Ukraine continues to rock markets, and U.S. President Joe Biden said he’s banning the import of oil from Russia in the latest move to financially isolate the country. The S&P 500 was virtually unchanged in midday trading, but only after earlier pinballing from a 0.4% gain to a 1% loss. It’s coming off a three-day losing streak where worries about a possible, painful combination of higher inflation and a slowing economy triggered the index’s worst day in 16 months.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content