ASX set to advance, Wall Street seesaws as oil prices swing
Financial markets are experiencing volatility due to fluctuating oil prices, impacting US stocks. The S&P 500 and Dow Jones saw slight gains, while the Australian sharemarket is expected to rise. The uncertainty surrounding the war with Iran continues to affect oil supply and prices.
- ▪The S&P 500 rose 0.2 percent, nearing its all-time high set last week.
- ▪Brent crude oil prices briefly exceeded $109 per barrel before falling to $102.93.
- ▪The Russell 2000 index of smaller US stocks rallied 1.2 percent as bond market pressures eased.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.