Oil Prices Soar Past $100 as US-China Summit Looms

U.S. stock index futures fell on September 24 amid uncertainty over the conflict in the Middle East and rising oil prices.

Rising Brent crude back above $100 a barrel added to market concerns, while discussion of a possible ban on U.S. diesel exports also weighed heavily on investors.

Airline and cruise operator stocks fell, with JetBlue, American Airlines, Norwegian Cruise Line, and Royal Caribbean shares declining due to their sensitivity to energy costs.

Investors were cautious ahead of the meeting between Donald Trump and Xi Jinping, which could shape several major global issues, including AI regulation, the conflict in the Middle East, and Taiwan.