How the S&P 500 has performed on days crude has seen big gains may be surprising. Oil prices are jumping again. Ships are anchored off the coast of Khasab in Oman's Musandam Governorate, near the Strait of Hormuz, on October 2, 2026. (Photo by via Images) Oil prices were surging on Thursday, as a tanker was struck north of Qatar as a report said the Trump administration was thinking about resuming war against Iran ahead of the midterm elections in November. up by about 4%, to $104.14 per barrel, as the West Texas Intermediate contract Copyright ©2026 MarketWatch, Inc.
All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
Simone Biles and Jonathan Owens find a buyer for $1.2 million Texas home—in less than a week My brother-in-law convinced his parents to sign over their home and life savings to buy a $3 million compound. He wants a vacation home. I want to save for retirement.
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