⛏Brent Crude Oil Futures
BRENT
▼ NegativeGeopoliticsrelevance
Oil prices declined since a 60-day ceasefire between the US and Iran, but uncertainty over protracted negotiations and turmoil in the Strait of Hormuz persists.
Impact on assets 1
Others
US stock futures wavered on Friday as Wall Street digested a downbeat week for tech stocks. Futures attached to the Dow Jones Industrial Average ticked up 0.1%, while S&P 500 futures hugged the flat line and Nasdaq 100 futures slipped 0.3%. The tech-heavy Nasdaq Composite and the S&P 500 fell for the fourth straight session on Thursday, pressured by expectations of a Federal Reserve rate hike and concerns over lofty AI valuations and spending. A hot reading of the Fed's preferred inflation gauge, the Personal Consumption Expenditures index, further dampened sentiment. Oil prices have declined since a 60-day ceasefire between the US and Iran, but uncertainty over protracted negotiations and reports of turmoil in the Strait of Hormuz persist.
Oil prices declined since a 60-day ceasefire between the US and Iran, but uncertainty over protracted negotiations and turmoil in the Strait of Hormuz persists.