Oil prices fall back to US$80 per barrel, while U.S. stocks drift

Bloomberg

Jun 16

NEW YORK — Oil prices are sinking again Tuesday and pulled back to US$80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.The S&P 500 rose 0.1...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2643276595"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2643276595\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2643276595?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/VKODIJPWTZLLT5KU5AOFYWGUCI.jpg?smart=true&auth=b82e3cebbac106f817f62bc8ddc9a4dd705916fe22b36191b95cd720df516582&width=800&height=450","is_english":true,"pubTime":"2026-06-16 21:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2643276595","market":"us","top_or_hot":-1,"title":"Oil prices fall back to US$80 per barrel, while U.S. stocks drift","media":"Bloomberg","content":"<div>\n<p>NEW YORK — Oil prices are sinking again Tuesday and pulled back to US$80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.The S&P 500 rose 0.1...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/markets/2026/06/16/oil-prices-fall-back-to-us80-per-barrel-while-us-stocks-drift/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices fall back to US$80 per barrel, while U.S. stocks drift</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices fall back to US$80 per barrel, while U.S. stocks drift\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-16 21:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/markets/2026/06/16/oil-prices-fall-back-to-us80-per-barrel-while-us-stocks-drift/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK — Oil prices are sinking again Tuesday and pulled back to US$80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.The S&P 500 rose 0.1...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/markets/2026/06/16/oil-prices-fall-back-to-us80-per-barrel-while-us-stocks-drift/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRT","symbol_name":"零售指数ETF-SPDR标普","start_time":0,"source_url":"https://www.bnnbloomberg.ca/markets/2026/06/16/oil-prices-fall-back-to-us80-per-barrel-while-us-stocks-drift/","article_id":"2643276595","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/VKODIJPWTZLLT5KU5AOFYWGUCI.jpg?smart=true&auth=b82e3cebbac106f817f62bc8ddc9a4dd705916fe22b36191b95cd720df516582&width=800&height=450"],"rights":{"source":"bnn_bloomberg_highlight","url":"https://www.bnnbloomberg.ca/markets/2026/06/16/oil-prices-fall-back-to-us80-per-barrel-while-us-stocks-drift/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643276595","pubTimestamp":1781618220,"columns":[],"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"Oil prices are sinking again Tuesday and pulled back to US$80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRT":"零售指数ETF-SPDR标普"},"translate_title":"油价回落至80美元/桶美股漂移","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRT":1.5},"content_text":"NEW YORK — Oil prices are sinking again Tuesday and pulled back to US$80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.The S&P 500 rose 0.1 per cent following a rally that’s brought it back within 0.6 per cent of its record set earlier this month. The Dow Jones Industrial Average was up 395 points, or 0.8 per cent, as of 9:35 a.m. Eastern time, and the Nasdaq composite was virtually unchanged.The price for a barrel of Brent crude fell 3.2 per cent as optimism continues following the tentative deal reached between the United States and Iran that will hopefully reopen the Strait of Hormuz at the end of the week and get the global flow of oil going again. It was at $80.50 after earlier dropping as low as $79.61.Stay on top of your portfolio with real-time data, historical charts and the latest news on oilSignificant hurdles remain in the negotiations, including what to do with Iran’s nuclear program. But the hope on Wall Street is that this agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The price of Brent has come down sharply from its $100-plus level of a few weeks ago, though it could still take months for the energy industry to get back to full speed.On Wall Street, stocks benefiting from the boom in artificial-intelligence technology were mixed following their vicious swings over the last couple weeks. They have been leading the market up and down amid worries that their stock prices shot too high, too quickly in the mania around AI. That’s taken a toll because chip companies and other AI winners have grown so big that they’ve become some of Wall Street’s most influential stocks.On Tuesday, Seagate Technology rose 5%, but Nvidia slipped 1.5%.SpaceX rose 9.1% toward a third straight gain since its debut on the U.S. stock market. It said it’s moving forward with a purchase of Cursor, a popular AI coding assistant, valuing it at $60 billion.Yum Brands climbed 4.1% after it said it’s selling the Pizza Hut chain for $2.7 billion. Most of the restaurants will go to LongRange Capital, a private equity firm. Those in mainland China will go to Yum China Holdings.Robinhood Markets added 0.8% after the investing platform said in a regulatory filing that it’s laying off about 10% of its full-time employees.On the losing end of the market was Dave & Buster’s Entertainment, which sank 2.5% after reporting a weaker profit for the latest quarter than analysts expected. Revenue fell 1.5% from a year earlier.In stock markets abroad, indexes rose in Europe following a mixed performance in Asia.Tokyo’s Nikkei 225 briefly topped 70,000 for the first time before ending with a modest gain of 0.1% after the Bank of Japan raised its benchmark interest rate to 1%. That’s its highest level in three decades, and it followed a similar move by the European Central Bank last week.The Federal Reserve is beginning its own meeting on what to do with interest rates Tuesday, with an announcement on the decision coming Wednesday.It will be the first meeting under the Fed’s new chair, Kevin Warsh, who was nominated by U.S. President Donald Trump. Trump has been pushing for lower interest rates, which would give the economy a boost but also threaten to worsen inflation. The widespread expectation, though, is that the Fed will leave its main interest rate alone again.In the bond market, the yield on the 10-year Treasury eased to 4.45% from 4.47% late Monday.___AP Business Writers Yuri Kageyama and Matt Ott contributed to this report.By Stan ChoeRelated StoriesHow the U.S.-Iran peace deal will impact Canadians at the pumpsOpens in new windowOil prices won’t drop to pre-Iran war levels anytime soon: Eric Nuttall","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}