Brent oil climbs, as European stocks, Wall Street index gain
Benchmark oil prices have extended gains as investors focus on the ongoing Gulf conflict, which is driving inflation and raising the risk of recession globally. The Dow Jones Industrial Average rose 0.34% to 45,322.44, while Brent crude futures increased to $113.17 per barrel, up 0.53% on the day.
Oil prices continue to rise due to the ongoing Gulf conflict. The Dow Jones Industrial Average rose 0.34% to 45,322.44. Brent crude futures increased to $113.17 per barrel, up 0.53% on the day. The conflict has driven inflation and raised the risk of recession globally. Investors are focused on the situation, with the US Federal Reserve Chair saying the central bank can wait to see how the conflict affects the economy. The US and European stocks have advanced in choppy trade, with the pan-European STOXX 600 rising and Europe's broad FTSEurofirst 300 index also advancing.
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