Oil’s return above $100 a barrel set the tone this week, reviving inflation concerns, lifting bond yields and pressuring equities from Wall Street to Asia.
In this week’s update:
— US stocks extend their decline
The S&P 500 fell for a fourth straight session as Treasury yields reached 52-week highs. Small caps led the retreat while investors reassessed the outlook for further Fed tightening.
— Chevron hits a record high
Chevron reached an all-time high as Brent crude moved above $100 a barrel. Energy stood out as the market’s strongest sector amid rising oil prices.
— ECB raises rates to 2.5%
The European Central Bank delivered its second rate hike of 2026, seeking to contain energy-driven inflation as the Iran war pushes costs higher across the euro zone.
— Asian markets give back early gains
Hong Kong’s Hang Seng fell 1.5%, while Japan’s Nikkei also slipped as higher oil prices weakened risk appetite across the region.
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