Oil Jumps $97, Dow Futures Dip 42 Points; Iran Accuses US Of Violating Truce: 'In Such Situation … Ceasefire Or Negotiations Is Unreasonable'
Late Wednesday, U.S. stock futures edged lower while oil prices surged toward $100 as tensions flared over a fragile ceasefire between Washington and Tehran.
Markets Slip As Oil Prices Surge On Geopolitical Tensions
Dow futures fell 42.00 points, or 0.09%, to 48,102.00 as of 9:01 p.m. EDT.
S&P 500 futures declined 12.00 points, or 0.18%, to 6,811.75, while Nasdaq 100 futures dropped 59.50 points, or 0.24%, to 25,014.75.
In commodities, WTI crude rose 3.28% to $97.51 per barrel, while Brent crude gained 2.98% to $97.57 per barrel.
RBOB gasoline futures climbed 1.21% to $3.0424 per gallon and ULSD heating oil futures advanced 2.84% to $3.9165 per gallon.
Natural gas futures edged up 0.40% to $2.735 per MMBtu.
Meanwhile, the U.S. dollar index was at 99.112, up 0.12%.
Asian markets were lower,
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