Business & Finance
Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap
Key Points
Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap Oil gained and US equity futures ticked lower after the US said it is striking Iran for the second straight day, an escalation of violence that threatens to choke shipping through the Strait of Hormuz. West Texas Intermediate crude jumped 2.2% to more than $75 a barrel at the open in early Asia trading after notching its biggest daily climb in five weeks in the prior session, with Brent crude briefly topping $80 a barrel. S&P 500...
Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap
Oil gained and US equity futures ticked lower after the US said it is striking Iran for the second straight day, an escalation of violence that threatens to choke shipping through the Strait of Hormuz.
West Texas Intermediate crude jumped 2.2% to more than $75 a barrel at the open in early Asia trading after notching its biggest daily climb in five weeks in the prior session, with Brent crude briefly topping $80 a barrel. S&P 500 contracts slipped 0.1% after the US benchmark closed down 0.3% on Wednesday. Asian equity futures pointed to gains in Japan and South Korea and losses in Hong Kong and Australia.