Global Markets Mixed, Oil Prices Surge
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Global stock markets displayed a mixed performance on Friday, with oil prices surging to their highest levels in nearly two years due to the ongoing war with Iran. U.S. futures for the S&P 500 and Dow Jones dipped slightly, while Europes FTSE 100, DAX, and CAC 40 showed modest declines. Asia had some bright spots, with Tokyos Nikkei 225 and Hong Kongs Hang Seng rising. Oil led the gains, with benchmark U.S. crude surging 4.1% and Brent crude climbing 1.7%. Higher fuel costs are hurting airlines, and analysts warn that oil hitting $100 could slow global growth.
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