1 Day
Source:
Los Angeles Times
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Oil Gains 3% Amid Mixed Markets
Oil prices rose by 3% to nearly $95 a barrel amid ongoing conflict with Iran, disrupting tanker routes and raising concerns about inflation and higher interest rates. Major U.S. stock indexes showed minimal movement, though individual companies like Philip Morris, AT&T, and Super Micro experienced significant gains after positive earnings reports. Conversely, GE Vernova declined following weaker earnings, and Alphabet's stock fell ahead of its earnings release amid investor concerns about AI investment profitability. Rising oil and Treasury yields contributed to broader market pressure, while gasoline prices increased above $4 per gallon in the U.S.
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