Oil Rises on Mideast Attacks, Dollar Edges Higher: Markets Wrap
Oil prices rose after attacks in the Middle East, while the dollar edged higher. US stock futures also rose, tracking the decline in oil prices. The mood in markets improved after Trump vowed not to strike Iran before the midterms. Global benchmark Brent crude advanced 0.4% to US$105.10 a barrel. S&P 500 futures gained after the underlying gauge closed 0.6% higher in New York.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Oil advanced while the dollar edged higher in early Asian trading.
- ✓ Global benchmark Brent crude advanced 0.4% to US$105.10 a barrel.
- ✓ S&P 500 futures gained after the underlying gauge closed 0.6% higher in New York.
- ✓ US stock futures rose tracking the decline in oil prices.
What changed
The price of oil rose after new attacks in the Middle East, while the dollar edged higher.
Live updates
-
Oil Rises on Mideast Attacks, Dollar Edges Higher
Oil prices rose after attacks in the Middle East, while the dollar edged higher. US stock futures also rose, tracking the decline in oil prices. The mood in markets improved after Trump vowed not to strike Iran before the midterms. Global benchmark Brent crude advanced 0.4% to US$105.10 a barrel. S&P 500 futures gained after the underlying gauge closed 0.6% higher in New York.
Why it matters
The recent attacks in Saudi Arabia have raised concerns about a widening Middle East conflict and its impact on oil supplies. The situation is being closely watched by investors, as it could potentially lead to higher oil prices and affect the global economy. The US midterm elections are also approaching, and Trump's comments on Iran have helped to ease tensions in the markets.
What is confirmed
- Oil advanced while the dollar edged higher in early Asian trading.
- Global benchmark Brent crude advanced 0.4% to US$105.10 a barrel.
- S&P 500 futures gained after the underlying gauge closed 0.6% higher in New York.
- US stock futures rose tracking the decline in oil prices.
Still unconfirmed
- Trump vowed not to strike Iran before the midterms.
What to watch next
- Further developments in the Middle East conflict
- US midterm elections
- Earnings reports from big banks
confidence 75%Sources used for this update (11)
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil prices fall, tech recovers
- WSJ — Stock Market Today: Mood in Markets Improves After Trump Vows Not to Strike Iran Before Midterms — Live Updates
- Investopedia — Stock Market Today: Indexes Rise, Poised for Weekly Gains; Telecom Stocks Drop as SpaceX Acquires Spectrum
- WSJ — U.S. Stocks Rise as Iran Escalation Fears Subside
- CNBC — Stock futures are little changed with big banks set to kick off earnings season: Live updates
- Bloomberg.com — Oil Rises on Mideast Attacks, Dollar Edges Higher: Markets Wrap
- Investing.com — US stock futures rise tracking oil price decline; Q3 earnings on tap
- Investor's Business Daily — Stock Market Week Ahead: Gathering Election, Earnings Momentum
- article.wn.com — Oil rises on Mideast attacks, dollar edges high - WorldNews
- www.zerohedge.com — Oil Rises After MidEast Attacks Spread And ... - Zerohedge
- www.globalbankingandfinance.com — Oil Prices Surge on Saudi Attacks, Overshadowing Russian ...
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community