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WTI December 2026 crude futures rose 2.05% to $99.83, while Brent December futures gained 1.65% to $110.58. U.S. gasoline and diesel spending since March 1 was estimated at $138.8 billion above usual levels, according to GasBuddy analyst Patrick De Haan.
U.S. stock futures trade lower as geopolitics intensify after President Donald Trump rejects extending a temporary ceasefire with Iran, while Brent crude holds above $91 and Treasury yields stay elevated.
Rising Iran-US tensions impact housing market, potentially slowing spring sales. Geopolitical uncertainty affects consumer confidence and spending.