US oil jumps above $100 and stock futures slump | National News | 2news.com - KTVN

US crude oil climbed back above $100 a barrel, while US stock futures pointed lower, according to KTVN. The move reflects how quickly energy prices can reassert themselves as a market driver, with oil's return to triple-digit territory drawing attention from traders across asset classes.

Oil at this level matters because crude is a core input for transport, manufacturing and heating, so sustained strength can feed into headline inflation and shape expectations for interest rates. That helps explain the pressure on equity futures: higher energy costs can squeeze corporate margins and weigh on consumer spending power.

For observers, the key question is whether $100 proves durable or fades. Watch upcoming inventory data, supply headlines and any policy response, along with whether the oil move spills into bond yields and rate-sensitive sectors. A brief spike and a sustained trend carry very different implications for inflation and earnings.