Crude oil prices are strengthening and leading global economic activity

Published at: 09/04/2026 08:21 AM

This Thursday, oil prices resumed their upward trend, approaching the $100 per barrel barrier. This increase responds to uncertainty about compliance with the truce in the Middle East and to the US warning to intensify bombing if the agreements are violated.

Under this scenario, Brent crude oil futures rose 2.5% ($97.28), while US WTI rose 3.3% to $97.55.

In line with energy pressure, major stock indices reversed their previous gains. The pan-European STOXX 600 index opened with a decline of 0.2%, following a solid rebound on Wednesday. In Asia, Japanese Nikkei fell by 0.7% and the South Korean index fell by 1.6%, neutralizing part of the increases recorded after the announcement of the ceasefire.

On the other hand, first-line Chinese stocks (CSI300) fell 0.6%, while on Wall Street, S&P 500 and Nasdaq futures anticipate falls close to 0.4%.

Finally, with oil that is 40% above pre-conflict levels, the market projects an imminent global inflationary impact. In the foreign exchange market, the dollar cut its initial losses by positioning the index. DXY at 99.06, while the euro stabilized at $1,166, remaining below its recent highs.

Mazo News Team