- WTI crude rose 2.61% to $99.69 a barrel as of the Thursday morning open, with escalating Mideast concern driving the move.
- The US ordered some diplomats and their families out of Saudi Arabia because of the threat from Houthi militants.
- At least four people were killed Wednesday in attacks on an Aramco oil site and a Saudi Arabian airport.
- The Nasdaq 100 fell 1.6% and the S&P 500 dropped 0.77% at 9:40 a.m. in New York, as oil-driven inflation fears weighed on risk sentiment.
- The 10-year Treasury yield retreated to 5.04%, and investors weighed the latest tech earnings for evidence that AI spending is paying off.
Quotes
“The US ordered some diplomats and their families out of Saudi Arabia because of the threat from Houthi militants”