US Futures Fall as Oil Surges Again

2026-03-11 23:53 By Jam Kaimo Samonte 1 min. read

US stock futures fell sharply on Thursday as oil prices resumed their advance, fueling concerns about resurgent inflation.

WTI crude climbed back above $90 a barrel as the prospect of a prolonged Iran war overshadowed a coordinated release of oil reserves by major economies.

Markets also viewed the emergency oil release as insufficient even after the IEA agreed to its largest-ever release of 400 million barrels of crude.

That includes 172 million barrels from the US, which will take about 120 days to deliver.

In regular trading on Wednesday, the Dow and S&P 500 lost 0.61% and 0.08%, respectively, while the Nasdaq Composite edged up 0.08%.

Eight of the 11 sectors finished lower, with energy, technology, and communication services the only sectors closing in positive territory.

Clean energy funds also emerged as a bright spot, reaching record highs as investors sought alternatives to volatile fossil fuel supplies amid the ongoing regional conflict.



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US Futures Fall as Oil Surges Again
US stock futures fell sharply on Thursday as oil prices resumed their advance, fueling concerns about resurgent inflation. WTI crude climbed back above $90 a barrel as the prospect of a prolonged Iran war overshadowed a coordinated release of oil reserves by major economies. Markets also viewed the emergency oil release as insufficient even after the IEA agreed to its largest-ever release of 400 million barrels of crude. That includes 172 million barrels from the US, which will take about 120 days to deliver. In regular trading on Wednesday, the Dow and S&P 500 lost 0.61% and 0.08%, respectively, while the Nasdaq Composite edged up 0.08%. Eight of the 11 sectors finished lower, with energy, technology, and communication services the only sectors closing in positive territory. Clean energy funds also emerged as a bright spot, reaching record highs as investors sought alternatives to volatile fossil fuel supplies amid the ongoing regional conflict.
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The Dow Jones Index Closes 0.61% Lower
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US Stocks Finish Flat to Lower
The S&P 500 edged 0.2% lower, the Nasdaq slipped 0.1%, while the Dow dropped 0.7% on Wednesday as the conflict in the Persian Gulf drove energy prices higher and intensified inflation concerns. West Texas Intermediate futures climbed past 87 dollars following projectile strikes on cargo ships near the Strait of Hormuz which countered news of a record oil reserve release by the International Energy Agency. These geopolitical tensions overshadowed a February consumer price index report that met expectations with a 2.4% annual increase and signals a potential delay in central bank policy easing. While credit sensitive equities faced pressure from rising yields the technology sector found insulation in Oracle which jumped 9.2% following an earnings beat and improved guidance. Clean energy funds also emerged as a bright spot by reaching record highs as market participants sought alternatives to volatile fossil fuel supplies amid the ongoing regional warfare.
2026-03-11