Oil rebounds toward $100 as Democrats' sweep rattles energy stocks
FROM THE WIRE · FINANCE.YAHOO.COM
Oil prices reversed their recent downtrend on Thursday, a day after Democrats swept control of both the House and Senate, creating a potential legislative check on U.S. President Donald Trump's administration. Brent crude was up 4.0% to trade at $98.38 per barrel at 3:15 pm ET…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishOil rises while Wall Street falls sharply on selloffs in AI stocks tied to Texas data centers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Brent rose 4.0% to $98.38 per barrel and WTI gained 2.9% to $90.65.
- 02U.S. natural gas was flat at $2.95/MMBtu, while European gas rose 1.9%.
- 03The S&P 500 fell more than 3% and the Nasdaq about 5% in afternoon trading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
CoreWeave, Inc. Class A Common Stock43.66 USDMarket closedtoday -9.83%Negative S&P 5007,353.73Market closedtoday -4.36%Negative NASDAQ Composite24,315.00Market closedtoday -5.52%Negative Brent Crude Oil (continuous future)99.61 USD-0.21%today +1.34%Positive Crude Oil WTI91.41 USD-0.17%today +0.98%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets