Crude Falls Below $100 As Trump Mulls Emergency Reserve Release: What's Moving Markets Monday?

Market Overview - Wall Street opened the week in negative territory due to ongoing tensions in the Middle East impacting global markets [1] - The S&P 500 fell 0.5% to around 6,700 points, while the Dow Jones Industrial Average dropped 400 points, or 0.8%, to 47,100 [4] - The Nasdaq 100 declined 0.1% to 24,610, and the Russell 2000 dropped 1.2% to 2,500 [5] Oil Market Dynamics - WTI crude oil prices increased by approximately 6% to $97 per barrel, and Brent crude rose to $98.31, although both benchmarks reduced larger overnight gains amid expectations of emergency policy responses [2] - U.S. President Donald Trump is expected to announce measures to ease rising oil prices, including a potential coordinated release of strategic petroleum reserves by G7 countries [3] Geopolitical Tensions - NATO intercepted an Iranian ballistic missile aimed at Turkey, indicating escalating geopolitical tensions and concerns about the regional conflict expanding [4] Commodity and Cryptocurrency Performance - Gold prices decreased by 1.2% to $5,096.54 per ounce as the dollar strengthened, while natural gas futures fell 1.6% to $3.14 [5] - Bitcoin saw an increase of 2.5% to $68,893.40 [5]