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Global Stocks Dive, Oil Prices Soar Early Thursday After Russian Action in Ukraine

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Brent crude oil briefly jumped above $100 per barrel in London for the first time since 2014 on unease about possible disruption of supplies from Russia.

“We will hold President Putin accountable,” Ursula von der Leyen said.

The futures for Wall Street's benchmark S&P 500 index and the Dow Jones Industrial Average were off 2%. Putin said Russia had to protect civilians in eastern Ukraine, a claim Washington had predicted he would make to justify an invasion.

 

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