Finance

Global crude benchmarks dropped significantly, with Brent crude dipping below the key threshold of one hundred dollars per barrel due to improved supply outlooks in the Gulf region. This downturn has provided immediate relief to equity futures and helped to mitigate overriding inflation concerns across the broader economy.

Investor enthusiasm for artificial intelligence infrastructure has been reinvigorated by positive product rollouts and Wall Street price target upgrades. Major tech leaders like Meta saw sharp increases after introducing highly anticipated autonomous AI features, reaffirming the sector's growth potential.

Bitcoin and Ethereum surged to their highest price levels since the beginning of the year, driven by falling energy costs and a massive wave of short contract liquidations. Over the past 24 hours, hundreds of millions of dollars in short positions were liquidated, fueling upward momentum.