Monday, June 29, 2026
21.5 C
London

Oil Prices Edge Higher, Nasdaq Set to Break Losing Streak as Markets Open with Cautious Optimism

Oil prices edged higher Monday following renewed tensions in the Middle East over the weekend.

The Nasdaq Composite appeared set to break a multi-session losing streak, with futures pointing to a positive open.

Traders returned to risk assets after a period of uncertainty, though broader market gains remained uneven.

The S&P 500 and Dow Jones Industrial Average were also indicated to open in the green, reflecting cautious optimism.

The uptick in crude oil came after reports of fresh military activity in the region, raising supply concerns.

Energy stocks were expected to lead early trading as investors priced in the geopolitical risk premium.

Analysts noted that the market’s reaction remained measured, with no panic buying observed in the premarket session.

Broader indices continued to weigh inflation data and Federal Reserve policy expectations, which remain key drivers.

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