U.S. oil prices rebounded early Thursday, recouping some of Wednesday’s losses as investors weighed Middle East de-escalation prospects. Iran is still reviewing a U.S. proposal to end the Gulf war, with a senior official indicating it hasn’t been outright rejected, despite public scorn for negotiations with the Trump administration.
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.