New York, Mar 1 (AP) Oil prices soared and investors shifted more money into ultra-safe US government bonds as Russia stepped up its war on Ukraine.

The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.

Also Read | Russia-Ukraine War: Russian Missile Damages Regional Govt Building in Ukraine’s Kharkiv (Watch Video).

The rush into bonds pushed the yield on the 10-year Treasury back down to 1.77%, where it was in early February. Stock prices were mixed in the early going on Wall Street. The S&P 500 was bobbing between small gains and losses in the first few minutes of trading. European markets were lower. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)