Oil hits $95 on Iran airstrikes…tension builds ahead of Big Tech earnings

1. 1Oil prices surged and futures indices fell as the US carried out airstrikes on Iran for an 11th consecutive day.
2. 2Brent crude futures jumped 4.8% to $94.93 per barrel, touching $95 intraday, while WTI futures rose more than 4% to $88.12 per barrel.
3. 3The surge in oil prices is fueling inflation concerns and raising the prospect of further Fed rate hikes, with the market on watch ahead of earnings reports from major tech companies including Alphabet (GOOG).

Source WSJ +9 · View original ↗

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