Crude futures mixed after renewed U.S.-Iran strikes
Oil futures were mixed at midday Thursday after fresh U.S.-Iran strikes rekindled fears of prolonged Middle East flow disruptions. October WTI was $91.09/bbl; November WTI was $87.85/bbl.
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Oil futures were mixed at midday Thursday after fresh U.S.-Iran strikes rekindled fears of prolonged Middle East flow disruptions. October WTI was $91.09/bbl; November WTI was $87.85/bbl.
U.S. stock futures pointed to a modestly higher open Tuesday as investors weighed U.S.-Iran military strikes and awaited incoming economic data and earnings from Palo Alto Networks, Dell and MongoDB.
U.S. futures were mixed Wednesday, with Dow Jones futures higher and S&P 500 and Nasdaq 100 futures slightly lower, as investors awaited Nvidia's second-quarter earnings and key inflation and GDP data.
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc