Sigma Live

Wall Street Opens Lower as Oil Prices Surge Past $100

Published March 12, 2026, 17:11
Wall Street Opens Lower as Oil Prices Surge Past $100

Wall Street is under pressure today, due to the soaring price of oil and investor skepticism that the release of strategic reserves will mitigate the consequences of the war in the Middle East. The Dow Jones, Nasdaq, and S&P 500 indices are all down. Simultaneously, the price of Brent oil has exceeded $100 a barrel, due to attacks on maritime infrastructure in the Middle East. These attacks threaten global oil and liquefied natural gas production. The situation is exacerbated by the lack of prospects for an immediate end to the war.