Crude hits $103/bbl on Somalia Strait closure; USD firms, equities slide
The Quick Take — AI synthesis of 1 sources covering this story.
- Crude oil surges to $103/bbl after Somalia closes Bab al-Mandab Strait to Israeli shipping
- US equity futures and European bourses extend losses; Tesla drops 2.7% post-earnings
- USD and NOK outperform; NZD underperforms; GBP resilient despite UK political instability
- Key data ahead: US Jobless Claims, Global Flash PMIs (Apr), Canadian PPI; earnings from Blackstone, Freeport-McMoRan, American Airlines
- UK PMI inflation p
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