{
  "id": 16157259,
  "title": "Oil prices climb above $113 as AI sell-off rattles stocks and investors buy bonds",
  "url": "https://urgent.news/2026/10/23/oil-prices-climb-above-113-as-ai-sell-off-rattles-stocks-and",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-23T05:08:15.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/2026/10/23/oil-prices-climb-above-113-as-ai-sell-off-rattles-stocks-and-investors-buy-bonds"
  },
  "original_language": "en",
  "account": "Oil prices surged past $113 per barrel on Friday amid fears of a potential regional conflict due to deadly attacks in Saudi Arabia, prompting investors to flock to bonds. The benchmark S&P 500 experienced its worst day since July, falling by 1.2%, while the Nasdaq composite plummeted 2.6%. Brent crude oil settled at $113.73 per barrel, up 0.5% from the previous session. West Texas Intermediate crude rose 0.6% to $100.08 per barrel. The cost of shipping crude from the Middle East Gulf to Asia on large tankers had skyrocketed to over $37 per barrel by mid-October, more than five times its previous level. Gas prices also saw a significant jump, with November futures for the European benchmark, Dutch TTF, trading above €90 per megawatt-hour. The AI sell-off hit tech stocks hard, with the S&P 500 and Nasdaq composite both experiencing substantial declines. AI-related stocks, such as Meta Platforms and Tesla, suffered significant losses, while Nvidia, the largest company on Wall Street by market value, saw a 4.4% drop. Meanwhile, bond market concerns loomed large over developed economies, with France's 10-year government bond yield reaching around 5.07%, and Italy's at approximately 4.61%.",
  "summary": "Rising energy prices added to inflation concerns as doubts over AI spending hit tech stocks; investors sought safety in US bonds, and France’s borrowing costs remained above 5%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}