Oil prices hit multi-week lows, Apple and Palantir shares fall after earnings

Oil prices fell to multi-week lows as investors weighed peace efforts in Ukraine and Iran against supply disruption risks, while Apple and Palantir shares declined despite earnings reports. Gold also dropped on a stronger dollar and rising US Treasury yields. Brent crude lost 1.15% to $103.56 per barrel, and WTI fell 0.50% to $95.99, heading toward their lowest closes since early October. Apple shares stayed under pressure after its report highlighted rising memory prices and potential margin issues, while Palantir fell despite strong quarterly results as investors focused on slower growth in new contract commitments. US crude inventories are expected to have risen by 900,000 barrels last week, the first increase in five weeks. Gold slipped 0.58% to $3,924.69 per ounce, with traders pricing a 73% chance of a Fed rate hike in December.