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Stock Futures Fall as Oil Prices Spike

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The price of oil jumped more than 3% in Sunday evening trading after conflict erupted in the Middle East this weekend.

Stock futures sank as oil prices spiked on Sunday after Israel declared war on Hamas over the deadly attack by the Palestinian militants this weekend.

Crude oil futures rose 3.8% to $85.97 a barrel. Brent crude, the international standard, gained 2.6% to $87.63 a barrel. read more This week’s notable earnings include PepsiCo on Tuesday; Delta Air Lines, Domino’s Pizza, Fastenal, and Walgreens Boots Alliance on Thursday; and BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services Group, Progressive Corp., UnitedHealth Group, and Wells Fargo on Friday.

 

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