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    By Steve Kopack Oil continued its recent surge Sunday, hitting $100 per barrel for the first time since July 2022 and then soaring higher as the ripple effects from the U.S.-Israeli war on Iran continued to hit global markets. U.S. crude oil futures rose more than 25%, to nearly $115 per barrel, while Brent, the international benchmark, jumped more than 20%, to $110 per barrel. In addition to oil’s rise, S&P 500 futures plunged 2.3%, Dow futures plummeted more than 1,000 points, and Nasdaq 100 futures slid 2.7%, indicating U.S. stocks were poised to continue last week’s descent. Oil’s remarkable jump The post Oil hits $100 per barrel for first time since July 2022 appeared first on HBCU News.
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