- Brent crude hovered around $101 a barrel after falling for several sessions, as easing oil prices and Treasury yields lifted Indian shares ahead of potential US-Iran talks at the UN General Assembly.
- US stock futures drifted as traders held onto AI-driven gains and waited for Middle East developments that would push oil prices lower.
- Airlines and cruise lines staged an uneven rally as crude retreated, with United and American leading carriers and cruise stocks surging.
Quotes
“Indian shares were likely to open higher on Tuesday, following gains in Wall Street and Asian stocks”
“US stock futures meandered Tuesday morning with traders holding onto big AI-fueled gains and looked for positive developments in the Middle East conflict that would lead to lower oil prices.”
“United, American lead airline rally, cruise stocks surge as oil prices fall on positive Middle East developments.”