By Lawrence Delevingne, Johann M Cherian and Gregor Stuart Hunter
July 22 (Reuters) - Oil prices surpassed $95 per barrel on Wednesday as tensions intensified in the Middle East, pressuring U.S. equities ahead of key Big Tech earnings, while the dollar dipped against other major currencies.
Brent crude prices were last up around 3% and touched their highest in six weeks on concerns about supply disruptions.
That came after four oil tankers carrying Saudi crude to Asia reversed course in the Red Sea following threats of attack from Yemen's Iran-aligned Houthis, dampening hopes that the end to the recent spike in tensions could be imminent.
On Wall Street, the Dow Jones Industrial Average was little changed, while the S&P 500 fell 0.1% and the Nasdaq Composite dropped about 0.4%.
#delevingne #cherian #stuart
July 22 (Reuters) - Oil prices surpassed $95 per barrel on Wednesday as tensions intensified in the Middle East, pressuring U.S. equities ahead of key Big Tech earnings, while the dollar dipped against other major currencies.
Brent crude prices were last up around 3% and touched their highest in six weeks on concerns about supply disruptions.
That came after four oil tankers carrying Saudi crude to Asia reversed course in the Red Sea following threats of attack from Yemen's Iran-aligned Houthis, dampening hopes that the end to the recent spike in tensions could be imminent.
On Wall Street, the Dow Jones Industrial Average was little changed, while the S&P 500 fell 0.1% and the Nasdaq Composite dropped about 0.4%.
#delevingne #cherian #stuart
1 month ago
