The Latest Breaking News on Markets

Rising energy prices and a stalling employment situation have markets weighing the unwelcome prospect of stagflation.

Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since Covid pandemic began

Benchmark Brent crude prices shot up by as much as another 7% to over 91 US dollars a barrel at one stage.

Asia shares are mixed following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024

Australia's share market has posted its worst weekly drop in almost a year, as oil prices continue to surge on the back of widening conflict in the Middle East.

The escalating conflict with Iran is causing global oil shocks, diplomatic crises, and economic disruptions, affecting energy markets and American citizens abroad.

FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%

Hopes of potential de-escalation in the Middle East and US assurances around crude supply have supported a lift in equities, despite a fresh wave of attacks.

Mega-cap stocks led a rebound on Wall Street Wednesday, with Nvidia, Amazon and Tesla among the big winners.

RIYADH, Saudi Arabia — Shares of Saudi Arabian Oil Co., widely known as Saudi Aramco, edged lower in early trading on the Tadawul exchange Tuesday, reversing some of the previous session's gains as investors positioned ahead of the company's full-year 2025 earnings report later this week.

Australia's share market has plunged as surging oil prices dimmed the global growth outlook and dragged on industrial metals producers.