Oil slips to 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 following their earnings reports. Brent crude dropped 1.15% to $103.56 per barrel and WTI fell 0.50% to $95.99, with peace talks planned and a pipeline bypassing the Strait of Hormuz reducing risk premiums. Gold slipped 0.58% to $3,924.69 as a stronger dollar and rising Treasury yields offset inflation concerns. Apple shares pressured by rising memory costs and margin outlook, though analysts noted offsetting factors like tariff benefits and pricing power. Palantir fell despite beating estimates, as contract value growth slowed sharply to 6% from 49% in the prior quarter.