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Euronews

Doloresz Katanich

Oil prices climb above $113 as AI sell-off rattles stocks and investors buy bonds

Artificial Intelligence Stock Market Bonds Oil United States S&P 500 France Inflation Nvidia US Treasury

Asian shares were mostly lower on Friday after the latest sell-off in artificial intelligence stocks weighed on markets around the world, giving the benchmark S&P 500 its worst day since July.

Oil prices were hovering at their highest levels since May on worries about the war with Iran, with Brent crude trading at $113.73 per barrel early Friday, up 0.5% after a 4% jump in the previous session. Brent settled at $113.17 on Thursday. US benchmark West Texas Intermediate crude rose 0.6% to $100.08 per barrel.

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