BUSINESSQUARTZ
Oil at a 7-week high. Two big earnings misses. Rate hike odds are climbing
Brent crude increased nearly 5% to close near $100 a barrel, while Alphabet and Tesla reported earnings misses, contributing to rising rate hike probabilities.
Related Signal
Adjacent reporting
- Oil at $95, rate hike odds at 69% for September, and Alphabet reports tonight
- Oil prices climb back toward $100, and US stocks halt their record-breaking rally
- Bank of America now expects three Fed rate hikes this year. A month ago it expected zero.
- Exxon, Chevron Beat Earnings Estimates as Oil Prices Surge
- AI stocks gather more strength, even as Brent oil's price nears $92