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Analysis: Rising oil prices, market attention on Trump's deadline for Iran
Golden Finance reported that on April 7, after U.S. President Donald Trump hinted that the most likely earliest possible time for an escalation of strikes against Iran could be Tuesday, oil prices rose, while U.S. stock index futures fell slightly; optimism about a ceasefire was kept in check by the market.
West Texas Intermediate (WTI) crude oil rose 1%, with trading prices breaking above $113 per barrel. Trump increased the threat of strikes on Iran’s infrastructure ahead of Tuesday’s final deadline.
S&P 500 Index futures fell 0.1% in early trading; after the index rose 0.4% in choppy trading on Monday. Asian equities were expected to open slightly higher, but due to the holiday, the Hong Kong market remained closed.