Stock Market News Today: Oil, AI, Oracle Updates
U.S. crude oil prices surged past $102 per barrel, while Oracle founder Larry Ellison nixed a $7.5 billion stock sale plan. The AI development debate also continued, with Anthropic proposing to slow its pace.
Stock Market Today: Oil Surges, AI Debate Continues, Oracle Stock Plan Nixed New York, NY – September 12, 2026 – The financial markets experienced a dynamic trading session today, with significant movements in the oil sector and ongoing discussions around artificial intelligence shaping investor sentiment. Major corporations also made headlines, including Oracle founder Larry Ellison’s decision to halt a massive stock sale. Oil Prices Reach $100 Amid Geopolitical Tensions U.S. crude oil prices surged past the $102 per barrel mark on Thursday, marking the highest closing price since May. This significant increase reflects growing concerns over global supply stability, particularly in light of ongoing geopolitical developments. The market is closely watching China's economic outlook and its potential impact on oil demand, as well as the broader implications of President Trump's America First policies, which are prompting other global powers to adjust their strategies. The volatility in oil prices underscores the delicate balance of the global energy market. Analysts point to a confluence of factors, including production decisions by major oil-producing nations and the potential for…