Oil prices jumped on Wednesday, despite uncertainty surrounding the Federal Reserve's efforts to combat high inflation.
The S&P 500 index fell 1.5% after trading wildly in the last hour of the session, while the Dow Jones Industrial Average dropped 1,153 points or 2.2%, and the Nasdaq composite slumped 1.7%
This came as oil prices rose following fighting in the Middle East.
More on Commodities
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