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Oil markets open the week on edge after ships hitting mines in the Strait of Hormuz helped drive crude to $110 on Friday, while Ukraine struck a major Russian oil installation near St. Petersburg over the weekend. On Wall Street, Meta's Wednesday earnings report arrives after a brutal week for tech stocks, with the SOX index shedding more than 10% on concerns about AI-related debt.
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Today's recommended read: Asian refiners' pain is Middle East oil producers' problem, Ron Bousso
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📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.
Today's recommended read: Asian refiners' pain is Middle East oil producers' problem, Ron Bousso
Subscribe to Mike Dolan's Morning Bid newsletter and check out his columns on Reuters Open Interest.
Produced by Eliza Davis Beard.
Sound engineering and music by Sebastian and Josh Sommer.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices