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The U.S. enters a 12th straight day of bombing Iran as pressure mounts to reopen the Strait of Hormuz. Alex Coffey talks about the latest developments as crude oil climbs back to $90 a barrel.
For a brief time earlier this year oil prices dictated the stock market direction. After weeks in the wilderness, energy markets could be about to play that role again.
Alphabet jacks up AI spending target, Tesla misses on earnings, and more news to start your day.
U.S. stock index futures dipped on Thursday as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices linked to the widening Middle East conflict weighed on sentiment.
U.S. and U.K. 10-year government-bond yields rose to two-month highs while the equivalent German yield hit its highest level since 2011 as escalating clashes in the Middle East lifted Brent crude close to $100 a barrel.
U.S. stock futures fell in early European trade as the global oil benchmark topped $98 a barrel after another night of escalating tensions in the Gulf.
Brent crude tops $98 and bond yields hover near 2026 highs
Natural gas breaks above range resistance as LNG demand strengthens, while WTI and Brent remain in established bullish trends.