IBT Staff Reporter

18091-18120 (out of 154954)

Oil Surges, Stocks Rebound As Ukraine Fighting Continues

U.S. and European stocks rebounded on Wednesday and crude prices surged as fighting raged in Ukraine and OPEC+ oil producers kept plans to raise output in April, posing a challenge for central banks hoping to curb rising inflation.

Oil Spikes To Seven-year High As Markets Avoid Russian Supply

Oil prices surged to seven-year highs on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market.

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