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Originally Published: Mar 07, 2022
Originally Published: Mar 07, 2022 Last Updated: Mar 07, 2022 7 min read

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Gas Pump In Front Of Stock Graphics
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Rising oil costs have given consumers more to worry about than just high gas prices. What does the jump in oil prices mean for your investment portfolio?

Brent crude oil — the international benchmark for oil prices — and U.S. West Texas Intermediate crude oil futures both rose to their highest prices since 2008 on Sunday. The price spike comes as the U.S. and allies in Europe consider banning oil imports from Russia, leading to heightened concerns over market supply.

Rising energy prices had stocks spooked Monday, with the S&P 500 falling nearly 3% as investors worried about what the war in Ukraine could mean for the global economy and inflation.

Investors have experienced volatile financial markets in recent weeks amid the Russia-Ukraine crisis. Between what sanctions on Russia could mean for inflation, and how the Federal Reserve will react to the news, investors have a lot to keep in mind when it comes to what to do, if anything, to protect their portfolios.

While rising oil prices are far from the only factor hurting stocks in 2022, here's what experts say you need to know about how the high cost of oil could impact your investment portfolio.