US equities slide, oil hits 5-month high as risk-off grips markets
Published 4 h ago9 sourcesEvidence: Reported
Crude oil prices surged to $115 a barrel, a five-month high, driven by escalating Middle East tensions that are heightening global risk aversion. Concurrently, France faces potential credit rating downgrade by Moody's, adding to European fiscal concerns. The oil spike pressures inflation and growth outlooks, while tech equity gains are being closely watched amid the risk-off environment.
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