US EQUITY OPEN: Indices unsurprisingly hit as Middle East conflict continues, while WTI/Brent hits peaks of USD 119/bbl
Context
The ongoing Middle East conflict is exerting pressure on US equity indices, reflecting uncertainty in risk sentiment and potential supply chain disruptions. The surge in WTI and Brent oil prices to around $119 per barrel indicates strong market reactions to geopolitical tensions, which could heighten inflationary fears and prompt shifts in central bank policy.
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