Oil Sprints to a 5-Month High While Tech and Crypto Stumble
AI summary
Brent crude hit $115.84 on Friday, its highest since May, driven by Houthi attacks on Saudi Arabia and fears of new US strikes on Iran. The oil rally landed on markets already shaken by a tech selloff, and crypto slipped as investors pulled back from risk. Traders should watch for further risk-off pressure on crypto if energy prices keep climbing and geopolitical tensions escalate.
