US Stocks Face Further Weakness as Crude Oil Prices Top $100 Barrel

U.S. stocks are likely to see further weakness in early trading on Thursday after moving mostly lower over the previous three sessions.

The major index futures, including S&P 500 futures, are currently pointing to a lower open for the markets, down by 0.5 percent.

Inflation concerns are contributing to continued weakness on Wall Street amid another substantial increase in crude oil prices.

U.S. crude oil futures have soared nearly 5 percent after surging over 3 percent on Wednesday, with prices shooting up above $100 a barrel.