Live Update 
From the Liveblog of
Monday, March 7, 2022
From the Liveblog of
Monday, March 7, 2022
Brent crude up $12, shares sink and price of gold jumps amid Ukraine conflict
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A currency trader walks near the screen showing the foreign exchange rate between US dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, March 7, 2022 (AP Photo/Lee Jin-man)
TOKYO — The price of oil jumps more than $12 a barrel and shares are sharply lower as the conflict in Ukraine deepens amid mounting calls for harsher sanctions against Russia.
Brent crude oil surges more than 10%, while benchmark US crude is up $10 at more than $125 a barrel.
Stock futures in the US and Europe also drop.
The price of gold, which is viewed as an investor safe haven in times of crisis, jumps $26 an ounce to $1,992.90.
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