Global shares decline as oil prices surge past $100
pre-market1 source ↓written by the desknot a recommendation
- 1.6%
- Oil prices surged
- 9%
- a barrel following
- $100
- from reserves next
- 172 million barrels
Global shares fell sharply on Thursday, with MSCI’s Asia-Pacific index down 1.6%. Oil prices surged 9% to over $100 a barrel following attacks on Gulf shipping, raising concerns over inflation and higher borrowing costs. The U.S. plans to release 172 million barrels from reserves next week to stabilize the market.
Not investment advice. For informational purposes only.