Commodities
Home›Commodities›Energy›Oil near $100 threatens U.S. stocks’ stellar run
Oil near $100 threatens U.S. stocks’ stellar run
Brent crude briefly rose above $99 a barrel before giving back some gains, raising concerns about higher energy costs.
Oil prices moved close to $100 a barrel, adding pressure to sentiment in U.S. equities after a strong stretch, according to WSJ Markets.
Brent crude briefly traded above $99 a barrel before paring gains, a move that investors often watch for potential knock-on effects to inflation and corporate costs.
The spike and subsequent pullback in oil highlighted how quickly energy prices can shift market expectations for the broader stock market.
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%
← Newer storyTokenized equities traded $1.01 billion on Labor Day weekendOlder story →U.S. plays down Iran seizure of unmanned sub near Hormuz Strait