U.S. crude rose 2.7% to $84.36 a barrel on Tuesday, with Brent up 2.53% at $89.94, as a deadlock in U.S.-Iran talks kept attention on the Strait of Hormuz. CNBC reported the move under the headline U.S. crude tops $84.
Reuters reported that U.S. stock index futures were subdued on Tuesday, with the U.S.-Iran impasse lifting oil prices and discouraging investors.
Treasury yields moved up the same day, with investors awaiting inflation data.
Stocks had ended Monday close to where they started. The S&P 500 slipped 0.06% to 7,753.11, and the Nasdaq Composite declined 0.32% to 26,605.36.
