Crude oil prices surged past $110 a barrel amid escalating tensions in the Middle East and tightening global supply. The benchmark Brent crude climbed to levels not seen since late 2022, driven by concerns over potential disruptions to key shipping routes. Traders are also watching OPEC+ production decisions closely as the market grapples with balancing supply and demand.

Meanwhile, the Federal Reserve opted to keep interest rates unchanged, maintaining its stance amid persistent inflation concerns. The central bank's decision reflects a cautious approach to monetary policy as economic data shows mixed signals on growth and employment. Market participants are now pricing in fewer rate cuts for the year than previously expected.

The art market saw an unusual transaction as a collector purchased another property primarily for storage and display purposes. This follows a trend of high-net-worth individuals acquiring real estate specifically to house valuable artwork and collectibles. Such purchases often serve dual purposes of investment and personal enjoyment, though the properties may remain largely unoccupied.