Oil surges on Strait of Hormuz ban reports; global stocks mixed

channelnewsasia.com

Oil prices surged Thursday after reports of a potential ban on US and Israeli vessels in the Strait of Hormuz, while global stocks were mixed ahead of US jobs data. Brent crude rose nearly four percent and WTI nearly three percent. The Dow retreated from a record close, the Nasdaq ended flat, and European indexes were mixed, with London lower but Frankfurt and Paris modestly up. Oil prices were still much lower than a week ago. Asian tech indexes fell on AI profitability concerns after disappointing earnings from SanDisk and Western Digital; Seoul lost more than four percent.


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