Premarket: Global stocks slip as Middle East truce doubts drive up oil

Oil climbed toward US$100 a barrel after cracks emerged in a Gulf truce, prompting stock markets to sag and lifting near-term inflationary pressures. The rebound in energy prices increases the risk that inflation will persist, keeping investors in a risk-off stance and likely weighing on broad market performance.

Analysis

Oil climbed toward US$100 a barrel after cracks emerged in a Gulf truce, prompting stock markets to sag and lifting near-term inflationary pressures. The rebound in energy prices increases the risk that inflation will persist, keeping investors in a risk-off stance and likely weighing on broad market performance.