Middle East Tensions Send Oil Prices Soaring
Oil prices surged on Wednesday as tensions rose in the Middle East.
The increase was largely driven by fighting in the region, which heightened concerns about global supply and instability.
In contrast, US stocks traded relatively flat ahead of a crucial Federal Reserve decision on interest rates.
The S&P 500 dipped 0.1%, while the Dow Jones Industrial Average dropped 458 points, or 0.9% as of 9:35 a.m. Eastern time.