Stock futures slipped early Wednesday morning as oil prices continued to surge amid the ongoing conflict between Russia and Ukraine.
Futures tied to the Dow Jones Industrial Average shed 61 points, or 0.18%. S&P 500 and Nasdaq 100 futures also dipped 0.28% and 0.37%, respectively. All three futures contracts had earlier traded in positive territory.
The moves downward in futures came as oil prices continued to trek upward. Both U.S. crude and international benchmark Brent crude futures rose more than 7% each.