Oil Nears $110 as Stocks Suffer Worst Week Since June
Summary
STRATO’s market update covers Brent crude surging to $109.86, the Nasdaq’s 4.5% weekly decline, and gains in gold and silver. With stock and commodity futures closed for the weekend while crypto trading continues, the moves offer context for trading markets on STRATO Odds.
Oil approaches $110 as Wall Street closes its worst week since June.
Friday’s session brought sharp moves across energy, technology stocks and precious metals.
Oil: Brent crude surged 3.7% to $109.86 per barrel, its highest settlement since May. Renewed threats to Middle Eastern energy infrastructure and Ukrainian strikes on Russian refineries raised concerns about global supply.
Stocks: The Nasdaq fell 2.1% on Friday, bringing its weekly loss to 4.5%. The S&P 500 closed at 7,659.44, down 1.1%, while NVIDIA lost 1.43% to $214.13. Concerns over debt-financed AI infrastructure continue to pressure semiconductor stocks.
Precious Metals: Gold finished Friday near $4,156 per ounce, gaining approximately 1.1%. Silver rose 2.4% to $57.10, supported by a softer US dollar and lower Treasury yields.
US stock and commodity futures markets are closed for the weekend, but crypto trading continues.
Trade the next market moves across crypto, commodities and stocks on STRATO Odds: https://t.co/XjZqTIvMeS
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