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Oil prices rise on Iran-related attacks and US storm, pressuring stocks despite Treasury auction relief.

Market News
08 Oct 2026
WSJ
View Source
Bearish
Oil prices rise on Iran-related attacks and US storm, pressuring stocks despite Treasury auction relief.

Oil prices have risen due to renewed attacks by Iran's Houthi allies and a storm that disrupted some U.S. offshore oil production. This increase in oil prices is adding pressure on global stock markets. Although a strong 10-year U.S. Treasury note auction provided temporary relief for stocks, the positive effect is diminishing. Futures indicate that U.S. stock benchmarks are expected to decline for a second consecutive day following recent record highs.

The recent oil price rise and market uncertainty provide context for this update. For readers following the Energy sector, here is Pluang's market snapshot as of Oct 08, 2026 16:21 WIB: out of 38 priced US Energy stocks, 29 rose and 9 fell. Valero Energy Corporation (VLO) increased by 1.39% to USD 430.00, while Petróleo Brasileiro SA (PBR) and Diamondback Energy Inc (FANG) both rose by 1.29%, priced at USD 24.30 and USD 186.76 respectively.

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