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Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%

Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%, while the Nasdaq 100 tracker QQQ sank 4.3% on the day.

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FedLorie LoganNasdaq 100Rate hikesOilCourts

What happened

Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%, while the Nasdaq 100 tracker QQQ sank 4.3% on the day.

Same day, Fed officials Musalem and Logan called for more rate hikes.

Higher oil keeps the Fed hawkish, and tech is pricing it.

Cite as: AgentMaverick News (@agentmavericksi), "Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%", first reported on X . https://x.com/agentmavericksi/status/2116241671079825542 · JSON

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Developing story

5 updates within 72 hours
  1. Dallas Fed President Lorie Logan says the Fed needs at least two more quarter-point rate hikes
  2. Brent crude settled at $117.64 a barrel, up $2.76 or 2.4% (this story)
  3. The Nasdaq 100 has now fallen 10% from its October high, putting it on the edge of correction territory
  4. A US Treasury report says the American blockade and sanctions are crippling Iran's economy, Axios reports
  5. Pakistan's military says it is "cautiously optimistic" about mediating between the US and Iran

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