Crude oil futures surged over 20%, U.S. stock futures and gold fell
Crude oil futures surged significantly, with WTI crude oil futures rising by 22% to surpass $110, and Brent crude oil futures increasing by 20% to $111.04. Meanwhile, spot gold fell below $5,100 per ounce, declining by 1.4% during the day. All three major U.S. stock index futures dropped, with Dow futures falling more than 2%, and S&P 500 and Nasdaq 100 index futures down by 1.6%. Market risk warnings indicate that investment should be approached with caution
Spot gold fell below USD 5,100 per ounce, down 1.4% for the day. WTI crude oil futures surged by 22%, breaking through the USD 110 mark; Brent crude oil futures rose by 20%, reaching USD 111.04 per barrel. This followed production cuts from more major oil-producing countries in the Middle East. All three major U.S. stock index futures fell, with Dow futures dropping over 2% at one point, and S&P 500 and Nasdaq 100 index futures currently down 1.6%.
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