Oil tops $100 a barrel for first time since July
Oil crossed the $100-a-barrel threshold Wednesday morning, after fresh Middle East strikes. The U.S. destroyed four Iranian tankers in the Gulf of Oman and one near Kharg Island Tuesday.
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Oil crossed the $100-a-barrel threshold Wednesday morning, after fresh Middle East strikes. The U.S. destroyed four Iranian tankers in the Gulf of Oman and one near Kharg Island Tuesday.
Brent crude rose above $100 a barrel after Morgan Stanley said higher oil prices and interest rates remain the main near-term risks to stocks, with renewed Middle East fighting raising supply-disruption fears.
Brent crude rose above $100 a barrel Wednesday for the first time since July after attacks on tankers and energy infrastructure intensified across the Middle East. West Texas Intermediate also advanced toward $95.
U.S. stock indexes were set to open lower Wednesday as oil prices surged past $100 a barrel for the first time since July amid deepening Middle East tensions.
Wall Street futures declined for a weak start to US equities, as oil breached $100 a barrel for the first time since July. Investors stayed cautious ahead of inflation data later in the week.
U.S. stock futures fell and Treasury yields ticked higher in early afternoon European trading after Brent crude oil topped $100 a barrel for the first time since July.
U.S. two-year Treasury yield traded near 4.421%, up 0.023 percentage point. Longer yields: 10-year near 4.808% and 30-year about 5.25%. Brent rose above $100; investors look to PPI and CPI.
Wall Street futures fell Wednesday after oil surged past $100 a barrel for the first time since July, as Middle East tensions deepened and investors stayed cautious ahead of inflation data later this week.
Oil prices surpassed $100 per barrel after fresh back-and-forth exchanges in the Iran war. U.S. bans on some Canadian imports mark the latest volley in the escalating trade row.
Indian shares fell for a third straight session to their lowest levels in three months. Brent crude futures rose above $100 a barrel for the first time since late July, raising concerns for the economy and inflation.
Brent crude on ICEEUR:BRN1! hit $100 per barrel for the first time since late July. Despite escalating Middle East conflict fears of shipping disruption, the rally has been gradual.
U.S. stock futures were steady and Treasury yields ticked higher after Brent crude briefly topped $100 a barrel for the first time since July in early European trade.
FTSE 100 traded at a one-week low Wednesday as Brent surged through $100 a barrel amid renewed Middle East tensions. Energy and some utilities gained, while most other sectors were lower.
Barrick Mining Corp. (NYSE: B ) stock fell Monday despite better-than-expected second-quarter results and a $1.95 billion payment from Newmont Corp. (NYSE: NEM ) to settle disputes involving their Nevada Gold Mines joint venture. The decline may reflect profit-taking after Barrick shares rallied nearly 30% since mid-Ju