Stocks Rise as Oil Stays Under $90
Global stocks registered a slight increase amid stable oil prices below $90, influenced by declining global demand and OPEC’s growth forecasts for 2026, along with rising U.S. oil inventories. Market support came from weaker U.S. economic data and expectations that the Federal Reserve will keep interest rates unchanged at 65%. The performance of AI companies' stocks led the Nasdaq index, positively impacting Asian and European markets. Meanwhile, the dollar index rose to its highest level in two weeks due to tensions between Washington and Tehran over the Strait of Hormuz, as investors awaited inflation and producer price data.
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