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S&P 500 Stability Hinges on Whether the Oil Shock Persists

Pelican Press

By Pelican Press,
in World News

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When I went to bed last night, futures were down more than 2% as surged 25% to 30%, nearing $120 per barrel. For context, crude ended February at a multi-month high around $62 a barrel. That overnight spike has cooled a bit, but oil remains sharply higher. As of 7:30 a.m. ET, crude is still up about 12.5%, trading north of $100 a barrel — nearing a 10-year high at current levels.

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