Industry Newsoil pricesequitiesgeopolitics
Oil Drop Boosts U.S. Stocks, Asian Markets
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6.1
Shares wavered across Asia on Tuesday, March 17, 2026, after a temporary drop in oil helped send U.S. stocks to their best day since the Iran war began. Brent crude climbed nearly 3% to $103.17 per barrel and U.S. crude rose to $96.20, while the S&P 500 gained 1% to 6,698.38 on Monday. Markets also reacted to a Reserve Bank of Australia rate hike to 4.1%, underlining inflation and geopolitical risk concerns.
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