Global Stocks Retreat as Crude Oil Surpasses $100 per Barrel Again

Global stock markets took a step back on Thursday following a decline on Wall Street as crude oil prices surpassed $100 per barrel for the second time this month.

The retreat was led by major indices, with the S&P 500's future rising only 0.2% and the Dow Jones Industrial Average's future increasing by 0.4%. Meanwhile, shares in Europe and Asia were mostly lower, reflecting the cautious sentiment among investors.

Oil prices have been on the rise due to ongoing supply chain disruptions and increased global demand, leading to concerns about inflation and economic growth. The price of crude oil has now exceeded $100 per barrel for the second time this month, sparking fears about the potential impact on consumer spending and businesses worldwide.