Stocks Edge Away from Records as Oil Prices Rise Amid Ukraine-Russia Tensions

U.S. stocks have edged further away from their record highs after oil prices rose in response to the ongoing conflict between Ukraine and Russia.

The increase in oil prices has boosted energy shares, with some investors speculating that a prolonged crisis could drive up demand for oil and other commodities.

However, analysts caution that the market's reaction may be short-lived, as economic sanctions against Russia could ultimately lead to a decline in oil prices.