Oil prices jump back toward $100 on Mideast ceasefire doubts
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Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of a shaky Middle East ceasefire and a re-opening of the Strait of Hormuz, crucial to restoring oil and gas shipments.
Traders were also locking in profits from Wednesday’s relief rally as the first-quarter earnings season gets underway, which should show the war’s impact on company results worldwide.
Equity markets across the globe had soared and crude oil futures plunged Wednesday after
Traders were also locking in profits from Wednesday’s relief rally as the first-quarter earnings season gets underway, which should show the war’s impact on company results worldwide.
Equity markets across the globe had soared and crude oil futures plunged Wednesday after
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