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The national average gas price in the U.S. rose to $4.09 per gallon on Thursday, according to AAA's tracker—up from $3.94 per gallon last week. On Monday, average gas prices topped $4 per gallon for the first time in over a month.
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.
Oil production in Kazakhstan has declined after the closure of a Black Sea terminal that serves as the main outlet for the country's crude shipments and was recently targeted by drone attacks, two industry sources said on Thursday.
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.
Oil prices remain bullish as rising Middle East tensions increase supply risks across major shipping routes.