Oil Surges Past $100 on Geopolitical Risks as Nasdaq Drops 2.2%

Key Facts

1WTI crude oil prices surged past the $100 per barrel mark, reaching their highest levels since September.

2The Nasdaq index dropped 2.2% in one of its worst trading days of the year, pressured by rising energy costs.

3The US fiscal year 2026 deficit reached its highest level in five years, according to White House announcements.

WTI crude oil prices surged past the $100 per barrel mark to reach $101.30, its highest level since September, according to investinglive.com. The Nasdaq index dropped 2.2% in one of its worst trading days of the year, pressured by rising energy costs and market anxiety over potential military escalation between the US and Iran.

The US fiscal year 2026 deficit reached its highest level in five years, according to White House announcements, adding to broader macroeconomic concerns. In equity markets, NDAQ closed at $93.5 on October 15, 2026, having traded between a day high of $93.75 and a low of $92.12.