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.
US stocks today: US stocks end higher as investors turn to earnings season
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks.