International oil prices rise, U.S. stock index futures fall, Intel surges over 4% in pre-market trading | Tonight's Highlights
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On Tuesday, US stock index futures declined as the conflict between the US and Iran pushed up oil prices and heightened inflation concerns. Major European stock indexes showed mixed performance. (Source: Investing.com) Due to mutual airstrikes between the US and Iran over the weekend, international oil prices rose for the third consecutive trading day, hovering at six-week highs. On Tuesday, WTI crude oil futures prices increased by over 2%, while Brent crude oil futures prices rose nearly 1.5%. Crude oil prices have surged over the past month, adding upward pressure to US Treasury yields, and traders are increasingly worried that elevated energy prices will drive up inflation.
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