Oil slides toward $100 as relief sends Al stocks rebounding
Brent crude fell 2.8% to $102.86 as Saudi Arabia rerouted shipments through Oman and worked to restore its East-West pipeline, easing fears of a prolonged supply shock. The relief helped the Nasdaq jump up to 1.7%, while Intel surged over 8% and other chip stocks rebounded. The 10-year yield also slipped below 5%, reviving risk appetite.
$CL
Brent crude fell 2.8% to $102.86 as Saudi Arabia rerouted shipments through Oman and worked to restore its East-West pipeline, easing fears of a prolonged supply shock. The relief helped the Nasdaq jump up to 1.7%, while Intel surged over 8% and other chip stocks rebounded. The 10-year yield also slipped below 5%, reviving risk appetite.
$CL
