Oil prices are following the stock market higher after the selloff on recession fears.
U.S. crude oil has risen to nearly $75 per barrel, after following equity markets lower earlier in the week on recession fears.24/7 New York news stream: Watch NBC 4 free wherever you aregained nearly 300 points in the previous session. The two indices booked their worst day since 2022 on Monday as recession fears swept the market.September contract: $2.08 per thousand cubic feet, up 7 cents, or 3.68%. Year to date, gas is down about 17%.
Charlie Puth skipped class in college to try to meet with record labels—those ‘hustle days' helped him land a deal, he saysBrent should maintain a floor of $75 per barrel and will find support as the risk of a recession is limited and oil demand is resilient in the West and solid in India, according to a Goldman Sachs note this week.
Israel has been bracing for an expected attack from Iran after the assassination of Hamas leader Ismail Haniyeh in Tehran last week. White House officialsthat Iran may be reconsidering a major strike on Israel amid diplomatic pressure and the dispatch of U.S. military assets to the region.
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