Oil Could Hit $160 Per Barrel By End of Next Week, Schork Says Stocks fell, while the dollar climbed with bonds as concerns that war risks are intensifying roiled global markets. Oil topped $115 a barrel on news the U.S. is considering a ban on imports of Russian crude for its invasion of Ukraine. The S&P 500 dropped for the fourth time in five days, while commodities soared as Russia’s growing isolation sparked fears of prolonged shortages and accelerating inflation. The White House is assessing if an oil ban would actually hurt the Russian economy or if crude would simply go to other markets and drive up gasoline prices. The greenback hit the highest since 2020, and 10-year yields declined 10 basis points. Europe’s common currency approached a key support level that goes back to the euro’s inception in 1999. S&P Dow Jones Indices will remove Russian stocks from […]