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Falling Oil Prices Calm Markets Ahead of Nvidia

Global markets find relief as oil prices decline for a third consecutive day. Investors now look ahead to crucial inflation data and upcoming earnings from chip giant Nvidia.

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A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman

Brent Crude Oil fell 2.3% to roughly $86 per barrel on Wednesday, easing pressure on global bond markets ahead of key corporate earnings. The slide follows renewed talks between Oman and Iran over navigation in the Strait of Hormuz. Investors now look to upcoming results from NVIDIA CORP to gauge the strength of the broader artificial intelligence sector.
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