Stocks sink, oil hits $92 as Biden sticks Russia with sanctions Investors bailed out of U.S. stocks to the tune of over 1% for each of three major averages amid the ongoing Russia-Ukraine crisis. Stocks did trim steeper losses after President Biden announced the first tranche of sanctions against Russia. In commodities, oil closed at the $92 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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