Wall Street Retreats as Oil Prices Continue to Rise, ASX Set to Slip
- ASX 200 Index futures point to a 0.5% decline on Monday, set to open at 8774 points following Friday's weak session on Wall Street.
- Global oil prices surged 3.1% to $US116.72 per barrel, reaching their highest level since April as traders assessed risks of a broadening conflict in the Middle East.
- Wall Street's S&P 500 fell 0.5% on Friday, though energy stocks gained 2.5%, reflecting investor anxiety over inflation and artificial intelligence infrastructure costs.
- Reserve Bank of Australia interest rate hike odds have risen to two-in-three, with officials scheduled to face the Senate Estimates Committee on Wednesday.
- Following the appointment of UK-based biotech executive Deborah Waterhouse as new chief executive, CSL shares fell 2.4% as the board announced chair Brian McNamee will step down.
373 Articles
373 Articles
Talks between Saudi Arabia, Turkey, Pakistan and Iran, held in Tehran on Wednesday, raised hopes for a de-escalation of the conflict and a drop in oil prices The post Oil: Brent continues to fall – Below $115 appeared first on in.gr.
Oil Surges 4% After Deadly Attacks in Saudi Arabia
Brent crude climbed 4% to settle near $113 a barrel on Oct. 22, 2026, the biggest gain in roughly two years, according to market data reported by Rigzone. The move followed deadly attacks in Saudi Arabia that heightened concerns that escalating Middle East hostilities could disrupt oil supply, according to the report [1]. The U.S. State Department ordered some diplomats and their families to leave Saudi Arabia as attacks escalated, with three pe…
Oil prices fell slightly today on Tuesday. Brent's future contracts fell 66 cents or 0.57% to $115 per barrel by 2000 hours Greenwich time, while West Texas's middleman's ore dropped 44 cents or 0.43% to $101.32 per barrel.
politika.rs
atvbl.rsOpportunities for increasing US oil production remain uncertain
Coverage Details
Bias Distribution
- 38% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
