Oil prices experienced significant volatility, ultimately closing higher for the week despite early gains being relinquished. Traders are closely watching potential peace talks between the U.S. and Iran, which could ease supply concerns. However, ongoing disruptions in the Strait of Hormuz continue to fuel fears of renewed military escalation and higher prices.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026