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Commodities

Crude Oil Futures Woes Weigh on Global Stock Markets

Guavy AI Editorial Team
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Oil
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The global stock market has been affected by rising crude oil futures and interest rates. The Dow Jones Industrial Average dropped $840.96 to close at $52,573.29 on Friday.

Investors are looking forward to next week's trends in the crude oil market and the U.S. Federal Open Market Committee (FOMC) meeting. Concerns over supply chains for Middle Eastern crude oil have grown following attacks on pipelines in Saudi Arabia.

The 10-year Treasury yield rose to 4.97% due to growing expectations of an early U.S. interest rate hike.

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