Oil Price Surge Leads to Decline in US Stocks

US stocks experienced a downturn on Thursday, influenced by a significant rise in oil prices. According to NS3.AI, the Dow Jones Industrial Average fell approximately 1.2% as crude oil briefly surpassed $100 per barrel. West Texas Intermediate futures increased by about 9%, reaching around $95 per barrel, while Brent crude rose 8%, nearing $100, following new attacks in the Middle East. Long-term Treasury yields remained substantially higher, driven by growing inflation concerns linked to escalating energy prices.