Crude oil fell as low as $97 a barrel before rebounding toward $98.60 after President Donald Trump said the US is in the “final stages” of talks with Iran, easing supply concerns. US equities advanced, with the S&P 500 rising 0.94% and the Nasdaq gai

2026-05-20

Crude oil fell as low as $97 a barrel before rebounding toward $98.60 after President Donald Trump said the US is in the “final stages” of talks with Iran, easing supply concerns. US equities advanced, with the S&P 500 rising 0.94% and the Nasdaq gaining 1.31%. The dollar weakened, pushing USD/JPY below its 100-hour moving average near 158.78 and toward recent lows around 158.60.