Dow futures drop 1000 points as oil nears $120
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- Dow Jones futures tumbled more than 1,000 points, the steepest drop in weeks (CNBC).
- U.S. crude oil surged to near $120 a barrel, its highest level since 2023, driving the market sell‑off (Yahoo Finance).
- Investors are scrambling to reassess inflation risk as higher energy costs threaten corporate earnings (CNBC).
- Analysts split on the outlook: some warn the price spike could linger, while others view it as a short‑term shock (Yahoo Finance).
Why it matters: Rising oil fuels inflation fears, putting pressure on stocks and portfolio returns.
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