Stocks Drop As Oil Rebounds Over $90 On Escalating War, Ignoring Looming SPR Release

Stocks Drop As Oil Rebounds Over $90 On Escalating War, Ignoring Looming SPR Release US equity futures remain extremely illiquid, jittery and volatile, and are down 10bps near the morning lows, erasing a 0.5% gain after earlier rebounding on hopes the upcoming SPR release will keep oil lower (it has so far failed to do that). Global equities saw a leg lower during APAC hours following an FT report that JPMorgan is marking down private credit portfolios. Mixed messaging from the ...

By Tyler Durden