9:00 AM Flash: Oil Surges as US Producers Ramp Output Amid Iran Conflict

Nine AM Flash. Good morning everyone, here is your live market snapshot. The S and P five hundred is currently at seven thousand four hundred seventy three point forty seven, up forty point five or zero point five four percent. Gold is trading at four thousand five hundred twenty three dollars. W T I crude is at ninety six point sixty. Bitcoin is sitting at seventy four thousand eight hundred ninety six. Breaking this morning, U S oil producers are significantly increasing output to take advantage of the price surge triggered by the escalating conflict with Iran. That move is helping support energy names and contributing to the positive tone across equities this morning. Also making headlines, hardcore gamers who helped nurture Nvidia and the entire A I boom are now feeling betrayed by Big Tech as priorities shift. And in the A I race, analysts are reminding everyone this is an ultra marathon, not a sprint. In other news, consumers continue to power through higher gas prices according to the latest weekly indicators, showing remarkable resilience in household spending. This is Miss Vicky from the Options Desk at VixShield, where it's not news till we talk about it. Stay with us as Russell Clark joins with more analysis.