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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Escalating U.S.-Iran tensions and oil supply risks raise stagflation concerns, complicating global monetary policy outlook ahead of key economic data.
U.S. petroleum inventories declined modestly, led by drops in crude, gasoline, and distillates, while oil prices remain elevated and volatile amid ongoing geopolitical uncertainty.
Crude oil rebounded above $87 as supply disruption fears tied to the Strait of Hormuz overshadowed efforts by global policymakers to calm markets.
U.S. stock futures traded cautiously after a strong rally, with gains cooling as investors awaited key inflation data, while geopolitical tensions and rising energy prices continued to shape near-term market sentiment.