Bloomberg Russian stocks and bonds slumped as traders weighed the risks of escalating tensions over Ukraine. The benchmark MOEX index was down more than 3%, dragged lower by losses in Sberbank PJSC and natural-gas exporter Gazprom PJSC. Russia’s cost of borrowing in dollars surged the most in two years as yields on 2029 bonds jumped nearly 60 basis points. …

  Bloomberg Oil rises for an eighth straight week as tensions between Ukraine and Russia heightened concern about tight global supplies. The global benchmark rose 1.3% this week, touching $95 a barrel before paring gains. National Security Advisor Jake Sullivan said that the US believes Russia could take offensive military action or attempt to spark a conflict inside Ukraine as …

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t …