Since 2020, data shows that the correlation between oil prices and the U.S. stock market has a modest positive correlation.

The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude jumped 7.4% to $73.08. Brent crude, the international standard, rose 7.2% to $74.34 for a barrel.

History shows what has to happen for the Israel-Iran conflict to trigger an oil spike Deposing Iran's Supreme Leader Ayatollah Ali Khamenei and his regime may cause a sustained spike in oil prices ...

History shows what has to happen for the Israel-Iran conflict to trigger an oil spike Deposing Iran's Supreme Leader Ayatollah Ali Khamenei and his regime may cause a sustained spike in oil prices ...