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3/8, 3:31 PM (Source: TeleTrader)
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US markets open mixed as oil prices soar

Major stock markets in the United States opened mixed on Tuesday as oil prices soared over 4% after the US allegedly made plans to ban oil imports from Russia. In data, the goods and services deficit in international trade in the US reached $89.7 billion in January.

The crisis in Ukraine continues as Ukrainian officials called for business to halt their activities in Russia. US senators reportedly planned to ban Russia from selling its gold reserves, in an effort to cut Russia's sources of income.

The Dow Jones Industrial Average rose 0.26%, or 86 points, at the opening bell, as Caterpillar jumped 4.15%. The Nasdaq 100 declined 0.30% at 9:31 am ET, with Fortinet dropping 3.31%. The S&P 500 was flat at 9:31 am ET.

The euro traded 0.41% higher against the dollar, selling for 1.09145 at 9:28 am ET.

Baha Breaking News (BBN) / AY