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Oil Prices 13 March 2026 - 19 March 2026

S&P 500 Hits ‘Line in the Sand’ at 200-Day Support as Oil, Fed Jitters Revive 10% Drop Call

S&P 500 Hits ‘Line in the Sand’ at 200-Day Support as Oil, Fed Jitters Revive 10% Drop Call

U.S. stocks sit at a crossroads heading into Thursday, after the S&P 500 closed Wednesday just above its 200-day moving average—finishing at 6,624.70, with the long-term trendline coming in at 6,615.70. That line is in sharp focus for money managers. BTIG warns that if the index drops through 6,600, there’s potential for a move down to 6,000. Over on the Dow and Nasdaq, both have already fallen through their own 200-day marks.
Dow Jones Today: Hot PPI and Oil Spike Send Industrial Average Lower Ahead of Fed

Dow Jones Today: Hot PPI and Oil Spike Send Industrial Average Lower Ahead of Fed

The Dow Jones Industrial Average slid almost 1% by midday Wednesday after hotter-than-forecast U.S. producer price data and a fresh surge in crude sent jitters through the market, hours ahead of the Federal Reserve’s policy update. By 12:00 p.m. ET, the Dow had dropped 445.20 points, or 0.95%, to 46,548.06. The S&P 500 and Nasdaq Composite weren’t spared, each off roughly 0.6%.
Dow Jones Today: Fed Looms as Oil Shock Keeps Wall Street on Edge

Dow Jones Today: Fed Looms as Oil Shock Keeps Wall Street on Edge

On Tuesday, the Dow Jones Industrial Average pushed higher, staying north of 47,000 as traders watched for the Federal Reserve’s policy announcement and shrugged off another jump in oil prices linked to the Middle East conflict. The index added 125.40 points, or 0.27%, to finish at 47,071.81 based on delayed Reuters/LSEG figures. The S&P 500 moved up 0.36%, and the Nasdaq tacked on 0.41%.
Petrobras Stock Price Slips After Diesel Hike as Brazil Export Tax Blunts Oil Rally

Petrobras Stock Price Slips After Diesel Hike as Brazil Export Tax Blunts Oil Rally

Petrobras shares lost ground Friday after the oil giant announced it’s bumping up diesel prices for distributors starting March 14. The increase pushes local fuel prices higher, though consumers won’t see the entire jump at the pump. U.S.-traded ADRs were off $0.25, changing hands at $18.72 as of 1533 UTC. According to the company, diesel A—what it sells to distributors—will cost an extra 0.38 real per liter. Since retail diesel in Brazil is mixed with biodiesel, that translates to an effective hike of 0.32 real per liter at service stations. The average price for diesel A will hit 3.65 reais per liter.
European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss

European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss

European shares fell on Friday and looked set for a second weekly loss, as oil stayed above $100 a barrel and the conflict involving Iran kept markets on edge. The STOXX 600 was down 0.5% at 596 by 0924 GMT, banks led losses with a 1.9% drop, and energy stocks bucked the move, up 0.5% with BP and Shell each gaining more than 1.5%. Traders have also swung from betting on ECB rate cuts to pricing one quarter-point hike by year-end and nearly a 75% chance of a second move.
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