Oil Tops $110, Stock Futures Gain Ahead of Powell, OPEC

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Oil Tops $110, Stock Futures Gain Ahead of Powell, OPEC
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Stock futures rose while oil prices jumped, as Russia pounded Ukrainian cities and investors awaited a meeting of OPEC and its allies

Crude prices surge above $110 a barrel for first time since 2014 as Russia struggles to maintain energy sales

Russians are lining up to use ATMs as ordinary citizens begin to feel the impact of Western allies’ sanctions on the country following Moscow’s invasion of Ukraine. Meanwhile, the Moscow Exchange remained closed Tuesday. Photo: AP Photo/Dmitri Lovetsky, as Russia pounded Ukrainian cities and investors awaited testimony from Federal Reserve Chairman Jerome Powell and a meeting of the Organization of the Petroleum Exporting Countries and its allies..

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