Finance

Brent crude oil benchmarks slumped over 1%, sliding below the psychological barrier of $100 per barrel to settle near $99. The downward trend was motivated by potential de-escalation avenues between the U.S. and Iran, combined with testing procedures to reopen Saudi Arabia's East-West pipeline following recent drone disruptions.

Artificial intelligence shares recaptured positive momentum, heavily supported by the enthusiastic market reception of Meta Platforms' new autonomous AI agent, Muse. Major chipmakers and e-commerce companies experienced substantial stock surges following partnerships and tool integration tied to the new technology.

U.S. government Treasury yields moved within a volatile window following a recent Federal Reserve interest rate increase and a hawkish shifting of the dot plot. Short-term two-year Treasury yields experienced a notable jump over the week, leading to a general flattening across the yield curve.