Oil Prices Jump, Shares Sink as Russia Edges Toward Ukraine

Oil Prices Jump, Shares Sink as Russia Edges Toward Ukraine
An electronic stock board is displayed at a conference hall in Tokyo, on Feb. 22, 2022. Koji Sasahara/AP Photo
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BANGKOK—Oil prices surged nearly 5 percent and stock prices dropped after Russian President Vladimir Putin ordered forces into separatist regions of eastern Ukraine, bringing a long-feared invasion a step closer.

Russia is a major energy producer and the tensions over Ukraine have brought wide swings in volatile energy prices, on top of the inevitable risks of a broader conflict.