Oil climbed to a six-week high as escalating Middle East tensions pushed crude higher and stoked inflation concerns. The move in energy markets set a cautious tone across risk assets, with price action showing renewed demand for oil even as broader markets softened.
Oil Prices and Broader Market Impact
Oil climbed to a six-week high as escalating Middle East tensions pushed crude higher and stoked inflation concerns. The move in energy markets set a cautious tone across risk assets, with price action showing renewed demand for oil even as broader markets softened.
US Equities and Cryptocurrency Movements
In US equities, the US500 extended its decline and tested a key Simple Moving Average support area near 7,500 after mixed performance in technology stocks. Bitcoin’s rebound also lost momentum, pausing above 65,000, as both assets remained under pressure and attention turned to whether these support levels can hold.
