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US futures are indicating a slightly positive open. European equity markets are mostly firmer, Asian equities mostly finished higher. Markets are on edge as geopolitical tensions rise. Israel is reportedly mulling its response to a missile barrage from Iran earlier this week. Oil prices spiked Thursday after President Biden indicated that the US is discussing support for an Israeli strike on Iranian crude facilities. Iranian oil production hit a six-year high in August, but analysts warn a strike could knock about 1.5 million barrels per day off the market. Brent crude is on track for its biggest weekly gain since early 2023, up around 10% from recent lows.
Companies Mentioned: Barnes Group, Apollo Global Management, Cisco Systems, CoreWeave, Spirit Airlines
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US futures are indicating a slightly positive open. European equity markets are mostly firmer, Asian equities mostly finished higher. Markets are on edge as geopolitical tensions rise. Israel is reportedly mulling its response to a missile barrage from Iran earlier this week. Oil prices spiked Thursday after President Biden indicated that the US is discussing support for an Israeli strike on Iranian crude facilities. Iranian oil production hit a six-year high in August, but analysts warn a strike could knock about 1.5 million barrels per day off the market. Brent crude is on track for its biggest weekly gain since early 2023, up around 10% from recent lows.
Companies Mentioned: Barnes Group, Apollo Global Management, Cisco Systems, CoreWeave, Spirit Airlines
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