Oil Prices Rise on Mideast Tension - Adviser Investments

Oil Prices Rise on Mideast Tension

Diana Linn, account manager at Adviser Investments, has the market analysis for Thursday, June 20. For the fourth consecutive day, all major U.S. stock indexes advanced, elevating the S&P 500 to a new record high. The Dow Jones Industrial Average and S&P each rose 0.9% while the NASDAQ was up 0.8% as investors continued to respond to yesterday’s Federal Reserve announcement that interest rates would remain unchanged in the coming months. Meanwhile, oil prices surged above $65 per barrel, with Brent crude on track for 5% gains this week on mounting geopolitical concerns related to Iran shooting down a U.S. drone.

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