Particle.news
Download on the App Store
6 ARTICLES
·
4h ago

Markets Steady as Oil Climbs Again, Germany and Japan Tap Reserves

Emergency stockpile releases provide only brief relief from war-driven energy pressures.

More investors on Wall Street expect an interest rate cut by the Federal Reserve ?in October. (AP PHOTO)
Image

Overview

  • The S&P 500 rose 0.1% in early Wednesday trading as the Dow slipped 72 points and the Nasdaq gained 0.3%, reflecting relatively calm U.S. markets.
  • Brent crude rose 3% to $90.42 a barrel and U.S. crude added 1.5% to $84.73 after recent spikes to the highest levels since 2022.
  • The United States reported disabling more than a dozen Iranian minelaying vessels as Iran vowed to block regional oil exports.
  • Germany and Japan said they will release oil from emergency reserves to ease near-term supply pressure.
  • JPMorgan warned of a potential stock-market pullback of up to 10% if the conflict persists, as U.S. consumer prices ran 2.4% higher in February year over year.