Crude Jumps on Fresh Mideast Flare-up, Tech Rout Deepens

Commodities: Oil Rises As Middle East Tensions Reignite

After a heavy sell-off in the oil market over the last three days, prices popped higher in early morning trading, with Brent up more than 4% at the time of writing.

Crude jumps on fresh Mideast flare-up, tech rout deepens

Traders are also keeping a nervous watch on the Federal Reserve's policy decision later in the day, with some observers warning the US central bank could provide a hawkish surprise. Volatility returned to the crude market after US and Saudi warplanes carried out strikes Tuesday against Iran-backed militants in Iraq who launched more than two dozen drone attacks in recent days, the US military said. The strikes targeted "Iran-aligned terrorists t…

Global Market Today: Oil jumps on renewed Middle East tension, US stock futures dip

Crude oil prices surged and US equity futures declined following renewed Middle East conflict. American crude oil jumped nearly five percent, topping eighty-three dollars a barrel. Treasury futures also moved lower, and the dollar strengthened against major currencies. Technology shares remained under pressure as investors questioned artificial intelligence spending returns. Markets await the Federal Reserve policy decision and significant corpo…