Commodities
S&P 500 Slips as Middle East Uncertainty Lifts Oil Prices
The S&P 500 index closed marginally lower on Thursday, despite a rebound from session lows after Reuters reported that US and Iranian negotiators were exploring a phased path out of war.
Oil prices rose over 3% to nearly $107 per barrel after a Houthi missile attack on Saudi Arabia revived fears of supply disruptions.
Brent crude prices surged as the global market remained focused on the Middle East situation and its potential impact on oil supplies.