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Oil surged to $120, spurring global stock drops and investor fears over inflation and growth.
Global stock markets dropped sharply on Monday as oil prices surged to nearly $120 per barrel, triggering investor anxiety over inflation and economic growth.
The spike, driven by supply concerns following a regional conflict escalation, caused widespread sell-offs in equities and increased demand for safe-haven assets.
Markets stabilized somewhat by late afternoon, but volatility remained elevated.
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El petróleo subió a 120 dólares, estimulando las caídas globales de las acciones y los temores de los inversores sobre la inflación y el crecimiento.