US Stocks Open Higher While Oil Prices Continue to Climb – WTOP News
Brent crude fell 0.4% to $95.26 a barrel as the S&P 500 rose 0.5% and major Asian indexes advanced on Wall Street gains.
- On Thursday, Asian shares advanced following Wednesday's gains on Wall Street, with Tokyo's Nikkei 225 adding 0.2%, South Korea's Kospi rising 1.4%, and Australia's ASX 200 gaining 0.5%.
- Investors fueled the rally by welcoming encouraging signals about artificial intelligence demand from Dell Technologies and Palo Alto Networks, as Dell Technologies surged 15.8%.
- Oil prices slipped Thursday, with Brent crude falling 0.4% to $95.26 and Benchmark U.S. crude shedding 0.1% to $90.84, while the 10-year Treasury yield fell to 4.77%.
- Reflecting geopolitical developments, President Donald Trump said Wednesday he does not expect the U.S. bombing campaign to last much longer, as the Japanese currency strengthened against the dollar.
- The U.S. is set to release an employment report for August on Friday, serving as investors' next focal point while the euro trades at $1.1598.
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Oil prices have fallen slightly after the sudden fluctuations the previous day, and investors estimate the risk of a new escalation between the US and Iran, which could affect the supply of raw materials from the region.
<p>Oil fell amid uncertainty surrounding US and Iran strikes Brent fell to $95.04, WTI to $90.63 per barrel. Investors assess the risks of supply disruptions through the Strait of Hormuz.</p>
Oil prices edge lower, while Asian shares rise, tracking Wall Street gains - Regional Media News
HONG KONG (AP) - Oil prices slipped Thursday after recent gains, with Brent crude trading near $95 a barrel, while Asian shares advanced. U.S. futures edged higher. Renewed fighting between the U.S. and Iran pushed oil prices sharply higher earlier in the week. U.S. President [...]
Oil prices edge lower, while Asian shares rise, tracking Wall Street g
HONG KONG (AP) — Oil prices slipped Thursday after recent gains, with Brent crude trading near $95 a barrel, while Asian shares advanced. U.S. futures edged higher. Renewed fighting between the U.S. and Iran pushed oil prices
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