Global Stock News

Oil prices keep swinging, and so do stocks worldwide

Oil prices keep swinging, and so do stocks worldwide

Oil prices and stock markets worldwide swung through a shaky Monday with uncertainty about what will happen with the Iran war.

The S&P 500 swiveled between gains and losses before finishing with a dip of 0.1%, its second loss since setting an all-time high last week. The Dow Jones Industrial Average added 159 points, or 0.3%, and the Nasdaq composite fell 0.5% after both indexes likewise yo-yoed.

Stock prices moved in the opposite direction of oil prices, which have been twitchy because of uncertainty about how long the Iran war will keep the Strait of Hormuz closed and prevent oil tankers from delivering crude. The price for a barrel of Brent crude oil, the international standard, went from a high of $112 overnight to below $107 in the…

Source link

Share this article

Scroll to Top