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Oil Above $100 as Stocks Search for Direction

Wall Street Journal Markets •
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U.S. stock futures pointed to gains at Monday's open as traders assessed mixed signals in global markets. Brent crude held above $100 a barrel amid ongoing concerns about supply disruptions from the Middle East conflict. The third week of fighting has kept energy markets volatile, with investors weighing geopolitical risks against economic data.

Wall Street appeared poised for a rebound after recent losses, though uncertainty remains high. Technology shares showed particular weakness last week as Treasury yields climbed. Market participants are now parsing corporate earnings reports and economic indicators for clues about the Federal Reserve's next moves on interest rates.

In Asia, major indexes closed mixed, with Japan's Nikkei falling while Chinese markets edged higher. European markets opened slightly higher, tracking U.S. futures. The dollar strengthened against major currencies as traders sought safe-haven assets. Oil prices above $100 continue to pressure inflation expectations, complicating the Fed's path forward.