US EditionStocks mixed, oil up on rising trade tensions, geopolitical risks
- Oil prices surged on Monday due to rising geopolitical risks and trade tensions across global markets.
- Oil prices rose sharply on Monday amid escalating tensions stemming from the conflict between Russia and Ukraine, easing worries due to a smaller-than-anticipated OPEC+ production increase, and the resurgence of US-China tariff disputes following a short period of calm.
- Major U.S. Stock indexes ended the day with gains, buoyed by robust earnings reports from technology leaders such as Nvidia, while most markets in Europe and Asia experienced declines and the dollar faced downward pressure.
- West Texas Intermediate briefly jumped 5% and settled up 2.9% at $62.52 per barrel, with analyst David Morrison attributing gains to increased Ukraine-Russia military activity and possible new US sanctions on Moscow.
- These developments suggest ongoing market volatility due to geopolitical conflicts and trade disputes as the US and China prepare for talks amid uncertainty over tariff escalations.
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Stocks mixed, oil up on rising trade tensions, geopolitical risks
Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets were mixed as US-China trade tensions resurfaced after a brief lull.
·Missoula, United States
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Total News Sources26
Leaning Left3Leaning Right6Center5Last UpdatedBias Distribution43% Right
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R 43%
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