Markets Shake as Oil Soars and Fed Eyes Rate Hike | US News

Oil surges past $100 a barrel as Middle East tensions fuel market jitters, while the Fed’s looming rate hike—priced at 62% chance—adds pressure. Strategic reserves are depleted, tech stocks dip, and AI remains the lone bright spot. Investors await Treasury’s bond-buyback details and key inflation reports to shape next week’s Fed decision.

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