Finance

Crude oil futures experienced a minor downward correction following significant surges triggered by ongoing military escalations in the Middle East, specifically around the Strait of Hormuz and the Red Sea. Despite the pullback, both Brent crude and West Texas Intermediate remain heavily elevated, keeping broad concerns alive regarding structural supply pressures and record-high domestic diesel pricing.

The yield on the benchmark 10-year U.S. Treasury note retreated slightly to trade near 4.95% after coming exceptionally close to breaching the 5% threshold. Fixed-income markets have experienced heightened volatility as climbing long-term yields continue to compress equity valuations and raise borrowing costs across the economy.

Oracle shares jumped over 5% following a substantial surge in quarterly cloud infrastructure revenues and an optimistic full-year forecast driven by artificial intelligence demand. Conversely, Adobe shares faced selling pressure after its quarterly revenue guidance failed to satisfy market expectations.