Role Reversal on Trading Day: Oil Collapses as Global Stocks Rally, U.S. Markets Trail
Oil prices plunged by more than 10% in the largest single-day decline since 2022, fueling gains across Asian and European stock markets even as U.S. shares lagged and finished the session with modest losses. Market attention swung between volatile energy headlines, large intraday swings that threaten leveraged positions, and signs that China’s expo…