Firms with big fuel bills, Nvidia, trade higher
The price of a barrel of Brent crude, the international standard, got as high as US$101.59 overnight
Market reversal comes late in the day on hopes Iran War will be shortlived
“You can’t sugarcoat this report,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management
On Thursday, the price of oil spiked to its highest level since the summer of 2024
Markets see wild swings since start of Iran war
The price of crude oil was up 4.7% on Tuesday
Shares in oil companies and companies that supply equipment and technology to the military are climbing
Analysts expect the ECB to cut rates by a quarter percentage point this week as concerns mount over U.S. tariffs
Expectations of higher inflation and economic growth have pushed the yield on 10-year Treasurys above 4.80%