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Wall Street tumbles after oil prices touch $130 per barrel

In this photo provided by the New York Stock Exchange, trader Aman Patel works on the floor, Monday, March 7, 2022. Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy. (Courtney Crow/New York Stock Exchange via AP) In this photo provided by the New York Stock Exchange, traders work in their booth on the floor, Monday, March 7, 2022. Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy. (Courtney Crow/New York Stock Exchange via AP) In this photo provided by the New York Stock Exchange, traders work on the floor, Monday, March 7, 2022. Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy. (Courtney Crow/New York Stock Exchange via AP) In this photo provided by the New York Stock Exchange, trader John Mauro works on the floor, Monday, March 7, 2022. Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy. (Courtney Crow/New York Stock Exchange via AP) In this photo provided by the New York Stock Exchange, traders Edward McCarthy, left, and Fred DeMarco work on the floor, Monday, March 7, 2022. Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world's already high inflation. (Courtney Crow/New York Stock Exchange via AP)