U.S. stock futures sink Sunday as U.S. and its allies consider ban on Russian oil imports

Last week, all three major indexes booked losses, with the Dow falling for a fourth straight week. Dow
DJIA,
-0.53%
dropped 179.86 points, or 0.5%, to close at 33,614.80, while the S&P 500 index
SPX,
-0.79%
 fell 34.62 points, or 0.8%, to finish at 4,328.87, and the Nasdaq Composite Index
COMP,
-1.66%
 shed 224.5 points, or 1.7%, to end at 13,313.44.

For the week, the Dow and S&P 500 each fell 1.3% while the Nasdaq dropped 2.8%.

Crude prices continued to surge Sunday
CLJ22,
+9.35%

BRNK22,
+9.86%,
topping $125 a barrel, as Secretary of State Anthony Blinken said the U.S. and its European allies are considering a ban on Russian oil imports in response to Russia’s invasion of Ukraine.

Fighting in Ukraine continued unabated over the weekend, with humanitarian corridors intended to evacuate civilians from cities closed after coming under fire from Russian troops. The U.N. said Sunday that 1.5 million Ukrainians have fled the country in the past 11 days, creating the fastest-growing refugee crisis in Europe since World War II.