Asia storms disrupt supply, oil jumps 13% in week

Oil prices surged nearly 13% over the past week due to storm-related supply disruptions in Asia, while Wall Street fell for a fourth straight session, with the Dow down 0.60%, S&P 500 down 0.58%, and Nasdaq down 0.65%. The oil spike is likely fueling inflation concerns and risk-off sentiment, though the exact storm impact on production remains uncertain.