S&P 500 and Nasdaq Advance as WTI Crude Pulls Back Below $100 per Barrel Amid Easing Energy Supply Concerns
After weeks of high-stakes friction, escalating Middle East maritime risks, and soaring headline inflation fears, global financial markets witnessed a swift operational relief rally. Driven by diplomatic signals and a localized reduction in geopolitical supply anxiety, West Texas Intermediate (WTI) crude oil futures pulled back below the critical $100-per-barrel threshold, trading down into the $91–$95 zone.