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Oil Prices 5 March 2026 - 9 March 2026

US Stock Market Open Today: Oil Nears $120, Futures Slide and Fed Cut Bets Fade

US Stock Market Open Today: Oil Nears $120, Futures Slide and Fed Cut Bets Fade

U.S. stock futures slid early Monday, with oil climbing close to $120 a barrel and reigniting inflation worries as the Middle East conflict stretched into day ten. By 6:43 a.m. ET, Dow E-minis had dropped 1.18%, while S&P 500 futures were off 1.05% and Nasdaq 100 futures shed 1.13%. Premarket action saw travel and bank names in the red, energy stocks notched gains, and traders dialed back bets on earlier Fed rate cuts, pushing expectations further out. Rough timing for the markets. Friday’s jobs data landed with the U.S. shedding 92,000 jobs in February, and unemployment ticking up to 4.4%. For investors, that’s a stagflation alarm—sluggish growth, inflation refusing to budge. “You can’t sugarcoat this report,” said Brian Jacobsen, chief economist at Annex Wealth Management. He put it bluntly: the Fed is “stuck between a rock and a hard place.”
9 March 2026
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Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Futures pointed to a weaker open for Canada’s main stock index on Monday, slipping roughly 0.92% ahead of the session. Brent crude had spiked to $119.50 a barrel—the highest level seen since the middle of 2022—as the conflict with Iran rattled global markets. It’s significant: Canada’s energy-heavy benchmark hit an all-time high of 34,541.27 on March 2, but by Friday, it had dropped to 33,083.72. Traders shifted their view, seeing the oil rally as an inflation headache rather than a straightforward boost for producers’ cash. The TSX lost 3.7% for the week—its steepest decline in over a month.
9 March 2026
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Oil Prices Soar Above $100 as Iran War Chokes Supply and Governments Scramble

Oil Prices Soar Above $100 as Iran War Chokes Supply and Governments Scramble

Oil shot higher Monday—Brent spiked to $119.50 a barrel at one point—as escalating conflict tied to Iran disrupted Middle East supply chains and unsettled shipping. That rally sent the global benchmark to its strongest mark since mid-2022 and set crude up for a record-setting daily gain. Brent jumped 16.7% to $108.20 by 0642 GMT, with U.S. West Texas Intermediate adding 15.7% at $105.13. Fueling the surge: the Strait of Hormuz, the Gulf chokepoint moving about one-fifth of global oil, remains at the heart of the current turmoil.
9 March 2026
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Microsoft stock slips in premarket as oil nears $120 and rate nerves bite again

Microsoft stock slips in premarket as oil nears $120 and rate nerves bite again

Microsoft slipped 0.4% to $408.96 ahead of the open, moving alongside declines across major tech names as higher energy prices pushed investors toward the dollar. Shares change hands at roughly 30 times earnings, based on the price-to-earnings ratio. U.S. stock index futures fell over 1%, dragging markets lower. These contracts give a sense of where the cash market is likely to kick off, and typically influence early trading direction.
9 March 2026
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Tokyo Stock Market Today: Nikkei Tumbles 5% as Oil Shock Triggers Third-Biggest Point Drop

Tokyo Stock Market Today: Nikkei Tumbles 5% as Oil Shock Triggers Third-Biggest Point Drop

Tokyo shares tumbled Monday. The Nikkei dropped 2,892.12 points, a 5.2% slide to 52,728.72—marking its third-heaviest point loss on record, triggered by a flight from risk as oil prices surged. The Topix also slid, losing 3.8% and closing at 3,575.84. It’s a pressing issue for Japan, which leans hard on imported fuel. Prime Minister Sanae Takaichi said the government is weighing measures to soften the blow from pricier gasoline, as crude prices spiked after the U.S.-Israeli conflict with Iran escalated. Brent briefly hit $119.50—levels not seen since mid-2022.
9 March 2026
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Singapore Stock Market Today: STI Slides as Oil Surge Hits Banks and Airlines

Singapore Stock Market Today: STI Slides as Oil Surge Hits Banks and Airlines

Singapore shares slipped on Monday afternoon, as the Straits Times Index dropped 2.3% to 4,736.98 by 2:56 p.m. local time. Earlier, the STI had touched 4,697.52, before pulling off that low. Still, the slight rebound barely registered. This shift carries weight: oil’s now the market’s critical pressure point. Crude at one point blasted higher by roughly 25%, Brent peaking at $119.50 a barrel. That run-up rattled investors enough to push out their bets on the next U.S. Federal Reserve rate cut, with inflation worries roaring back.
9 March 2026
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Australia Stock Market Today: ASX 200 Suffers Worst Day in 11 Months as Oil Shock Slams Miners and Financials

Australia Stock Market Today: ASX 200 Suffers Worst Day in 11 Months as Oil Shock Slams Miners and Financials

Australia’s S&P/ASX 200 tumbled 2.85% to finish at 8,599 on Monday, marking the steepest single-day decline in nearly a year. The index had slid as much as 4.4% during the day before trimming some losses, closing at its lowest level since mid-December. A surge in crude prices rattled investors, sending them fleeing from risk. The drop didn’t just sting for a day. The benchmark is now down 1.3% for 2026 to date, with energy standing out as the lone sector in the green—a clear indication investors are shifting toward firms set to gain from pricier fuel.
9 March 2026
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UK stock market today: FTSE 100 tumbles as oil shock rattles London shares

UK stock market today: FTSE 100 tumbles as oil shock rattles London shares

The FTSE 100 in London tumbled 1.75% at the open, settling at 10,106, as oil prices surged and the Iran war rattled global markets. Anglo American shed 6.2%, Antofagasta slid 5%, and Rolls-Royce also gave up 5%. IAG, parent of British Airways, dropped 4.3%, with easyJet down 3.6%. Shell bucked the trend, climbing 1.7%, while BP advanced 1.4%. This shift is key: oil’s steering inflation and rate expectations again, with UK stocks especially exposed. Energy, airlines, miners, banks—they all move when crude moves. Brent surged roughly 25%, reaching $119.50 a barrel as traders zeroed in on supply threats and trouble for shipping in the Strait of Hormuz.
9 March 2026
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Bolsa de Comercio de Buenos Aires Last Week: Merval Rebounds, but Oil Shock and Inflation Loom

Bolsa de Comercio de Buenos Aires Last Week: Merval Rebounds, but Oil Shock and Inflation Loom

Buenos Aires shares bounced back Friday, sending the S&P Merval 2.15% higher to end at 2,626,114.83 points. Still, comparing the Feb. 27 and March 6 closes, the index wrapped up the week roughly 0.6% lower than its opening level. This is coming to a head fast—traders don’t have room to relax. Argentina’s February CPI lands March 12. The central bank’s REM survey, out March 5, pushed the consensus for February inflation up to 2.7%, compared with the previous reading. Core inflation? Now at 2.5%. The oil shock just stirs the pot further, clouding the inflation picture.
7 March 2026
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Moscow Exchange Last Week: MOEX Gains 2% as Oil Rally Lifts Russian Stocks

Moscow Exchange Last Week: MOEX Gains 2% as Oil Rally Lifts Russian Stocks

The MOEX Russia Index, priced in roubles, climbed roughly 2% to finish at 2,854.11 on Friday, wrapping up the trading week from March 2 to 6. But the RTS, which is calculated in dollars, edged down by about 0.5% for the period, according to market data. This time, it's crude that's pushing things around—not earnings. Brent jumped to $92.69 a barrel by Friday’s close, soaring 27% for the week. That’s the steepest weekly climb since spring 2020. The catalyst: conflict involving Iran that choked off traffic through the Strait of Hormuz, the key Gulf oil corridor. “Every day the Strait stays closed, prices will go higher,” UBS analyst Giovanni Staunovo told Reuters.
7 March 2026
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Last week on Tel Aviv Stock Exchange: TA-35 rises as war-driven oil shock roils markets

Last week on Tel Aviv Stock Exchange: TA-35 rises as war-driven oil shock roils markets

Tel Aviv, March 7, 2026, 10:26 The TA-35 in Israel pushed higher last week, with investors holding onto energy and defense stocks amid escalating tensions with Iran and continued oil market swings. Friday’s close saw the TA-35 settle at 4,356.68, marking a 5.5% jump since Feb. 27. The TA-125 also advanced, ending at 4,329.54—up 6.3% in the same period.
7 March 2026
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JSE slides nearly 10% for the week as oil spike and risk-off hits South African stocks

JSE slides nearly 10% for the week as oil spike and risk-off hits South African stocks

South African equities tumbled last week, with the FTSE/JSE All Share settling at 116,583 on Friday—a drop of roughly 9.2% from the previous week’s close. The Top 40 blue-chip index wrapped up at 108,597, marking a 9.7% weekly slide. Earlier in the week, the All Share had touched 129,339 before retreating, according to data. The broader rush out of risk assets picked up as violence in the Middle East intensified, putting a bid under oil and driving investors to the dollar. Friday saw the rand slip to 16.72 per dollar, the Top-40 index off nearly 2% for the day, and yields on the 2035 government bond spiking 19.5 basis points to 8.435%. “Like many emerging market currencies, the rand has been weighed down by rising global risk aversion and higher oil prices,” said Andre Cilliers, currency strategist at TreasuryONE.
7 March 2026
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FTSE 100 reels from worst week in a year as oil shock hits London stocks

FTSE 100 reels from worst week in a year as oil shock hits London stocks

London shares took their hardest weekly knock in nearly a year, rattled by climbing oil prices and more signs of strain in the U.S. economy that shook confidence at the London Stock Exchange. On Friday, the FTSE 100 shed 1.2%, while the mid-cap FTSE 250 dipped 0.8%. Both indexes just chalked up their roughest week since the sharp drop last April, when U.S. “Liberation Day” tariffs set off a global selloff, according to Reuters. This shift hit traders who’d been counting on rate cuts to prop up valuations, but the oil jump has thrown that calculus off. With energy prices rising, inflation risks get stickier—leaving central banks on edge, particularly in the UK, where fuel and household expenses spark political nerves.
7 March 2026
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U.S. Stock Market Today: Wall Street Beats Global Peers as Iran War Sends Oil Prices Higher

U.S. Stock Market Today: Wall Street Beats Global Peers as Iran War Sends Oil Prices Higher

U.S. stock index futures slipped ahead of Friday’s open, with the war involving Iran continuing to lift oil prices and stoke inflation fears. Shares of American Airlines dropped around 1% in premarket action, while Marvell Technology surged 12% on the back of a bullish long-term sales outlook. Occidental Petroleum advanced 2%. Despite all this, Wall Street still outperformed both Europe and Asia for the week. The Nasdaq managed to stay positive on the week, bolstered by a turnaround in tech stocks and optimism that the U.S.—thanks to its net oil exporter status—might weather the shock better than others. That’s coming into focus as investors approach Friday's U.S. jobs report, rate-cut expectations already scaled back. Traders have nudged the likely timing of the next Federal Reserve move to September or October, according to LSEG figures cited by Reuters. Now markets are pricing just 40 basis points—0.40 percentage point—of Fed cuts for this year, sharply lower than the 59 basis points in play before the conflict.
6 March 2026
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Goldman Sachs warns $100 oil could hit growth and stoke inflation as Iran war widens

Goldman Sachs warns $100 oil could hit growth and stoke inflation as Iran war widens

Goldman Sachs on Thursday warned that if oil briefly spikes to $100 a barrel, global growth could slip by 0.4 percentage point. The call comes as tensions escalate in Iran and energy shipments from the Middle East face mounting pressure. Goldman Sachs Group Inc is penciling in a 0.1-point hit to global GDP and a 0.2-point bump for headline inflation, which factors in fuel costs. The bank expects prices to cool, projecting crude at roughly $65 a barrel by Q4 2026.
5 March 2026
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Chevron stock jumps as oil surges on Iran conflict and Hormuz choke point fears

Chevron stock jumps as oil surges on Iran conflict and Hormuz choke point fears

Chevron Corp shares climbed Thursday, tracking another rally in oil prices that drew buyers toward major energy stocks. The stock traded at $189.28, up $3.25, or 1.7%, in the afternoon. Crude prices surged, with traders factoring in heightened supply and transport risks tied to the U.S.-Israeli conflict involving Iran. Brent jumped $4.01, or 4.93%, to settle at $85.41 per barrel. U.S. West Texas Intermediate shot up $6.35, or 8.51%, closing at $81.01—a level not seen since July 2024, according to Reuters. “There is no movement in the Strait of Hormuz so prices will grind higher,” said John Kilduff, partner at Again Capital. Dennis Kissler at BOK Financial flagged crude as “very sensitive” to any shutdown at the strait.
5 March 2026
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