Oil prices are experiencing a second day of increases, spurred by sanctions and evolving trade negotiations. After recently touching a five-month low, the US has set its sights on acquiring oil to enhance its strategic reserves. Market hesitations persist as supply issues in vital regions continue to inhibit price declines. As the US-China trade talks unfold, investors remain vigilant.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.