Daily Market Updates: Oil near $100 threatens U.S. stocks’ stellar run

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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.

Reported · Written up by our desk · Energy

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 $90.70 ▲0.5%|Brent $95.32 ▲0.7%

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WSJ MarketsOil Near $100 Threatens U.S. Stocks’ Stellar Run

Commodities

Oil near $100 threatens U.S. stocks’ stellar run

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