Oil Surge Above $91 Pressures U.S. Futures Market

The U.S. futures market was under pressure on August 31, 2026, as oil prices rose above $91. This move kept inflation and interest-rate risks at the forefront of traders' minds.

The S&P 500 futures were down 0.17%, the Dow futures fell by 0.18%, and the Nasdaq-100 futures declined by 0.13% as of 07:00 EDT.

Oil prices had surged nearly 4% in the preceding hour, with WTI trading at $86.56 and Brent at $91.35. The steep backwardation in the WTI curve reinforced the prompt supply risk, favoring immediate barrels over later supply.