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Wall Street Opens Sharply Lower, Oil Spikes After Russia Invades Ukraine -Breaking

by Mike Robinson

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© Reuters.

By Liz Moyer

Investing.com–Stocks tumbled at the open in New York on Thursday, hours after Russia launched an invasion of Ukraine as Western nations prepared to announce more sanctions on Moscow.

They fell by 850 points or 2.6% while they fell by 2.5% It fell by 3.2% to reach a record low of 20%.

The oil prices rose more than 7.3% to bring the benchmark price for the United States, $99 per barrel. 

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