People’s Financial News, March 9. On March 8, local time, CCTV reporters learned that international oil prices exceeded US$100 per barrel, the first time since the outbreak of the Russia-Ukraine conflict in 2022.
Data showed that U.S. crude oil futures rose 14.7%; global benchmark Brent crude oil futures rose 12.63% to US$104 per barrel. As of the evening of the same day Eastern Time, the Dow Jones Index futures fell by about 851 points, or about 2%, while the S&P 500 Index futures and Nasdaq Index futures fell by 1.73% and 1.65% respectively.
At the same time, U.S. gasoline prices have also risen significantly. According to data from the American Automobile Association (AAA), after the outbreak of the conflict in Iran on February 28, the average price of regular gasoline in the United States rose to $3.45 per gallon, an increase of approximately 16% from a week ago.
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