// COMPARE

WTI jumped 1.7% to $93.76 as fresh Middle East hostilities and Strait of Hormuz risk revived the supply premium.

Geopolitics, not demand, is driving crude — and an oil spike complicates the inflation picture the Fed is already watching.

$95 is the next resistance; de-escalation headlines could quickly unwind the premium back toward $90.

The S&P 500 notched another record close at 7,610, up 0.1%, as a powerful chip rally outweighed an oil spike and the crypto rout.

AI is doing the heavy lifting and breadth is narrow, with semiconductors carrying the index higher.

Sustaining records needs follow-through from mega-cap tech; Friday's NFP print is the next macro test.