$TRUMP Breaking: Brent crude hits $117 a barrel, while U.S. crude reaches $102.66 a barrel
Oil prices are surging, with Brent crude jumping 3.48% ($3.94) to $117.11 a barrel and West Texas Intermediate rising 3.64% ($3.62) to $103.09, amid expectations of a return to conflict in the Middle East. Both benchmarks are on track for strong weekly gains. Rising oil prices are weighing on Wall Street, with the Dow Jones down 1.39%, and on gold, which is trading near $3,990, as they stoke inflation and expectations that interest rates will remain elevated.
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Oil prices are surging, with Brent crude jumping 3.48% ($3.94) to $117.11 a barrel and West Texas Intermediate rising 3.64% ($3.62) to $103.09, amid expectations of a return to conflict in the Middle East. Both benchmarks are on track for strong weekly gains. Rising oil prices are weighing on Wall Street, with the Dow Jones down 1.39%, and on gold, which is trading near $3,990, as they stoke inflation and expectations that interest rates will remain elevated.
$XAU
$CL