West Texas Intermediate & Stephen Innes

West Texas Intermediate: West Texas Intermediate crude oil prices rose by 91 cents to $98.98 a barrel and later by $1.57 to $99.64 a barrel, driven by the ongoing war with Iran.

Stephen Innes: Stephen Innes, an analyst with SPI Asset Management, provided commentary on the fragility of global equities due to dependence on AI leaders and the potential 'political redistribution phase of the AI boom' for South Korea.

West Texas Intermediate: US West Texas Intermediate for May fell due to expectations that US-Iran peace talks would resume, indicating a positive market reaction to potential de-escalation.

Stephen Innes: Stephen Innes of SPI Asset Management commented on the market's reaction to the peace talks, noting that hope for diplomacy was driving the rallies.

West Texas Intermediate: West Texas Intermediate crude prices have surged due to the closure of the Strait of Hormuz, reflecting the global energy crisis.

Stephen Innes: Stephen Innes, an analyst at SPI Asset Management, commented on the market's positive reaction to the potential end of the Iran war and the AI boom.