Crude Jumps After Ukraine Strike on Russian Refinery; Wall Street Points to a Mixed Open
Hyperdash NewsMacroOil led the overnight tape, with WTI and Brent jumping after a Ukrainian drone strike on a major Russian oil refinery raised supply concerns. US stock futures were mixed ahead of the cash open, S&P Futures at 7,760.75 and Dow Futures at 54,625.00 edging higher while Nasdaq Futures slipped.
Scoreboard
- S&P Futures 7,760.75 (+0.15%)
- Euro Stoxx 50 6,510 (+0.51%)
- Nikkei 225 65,683 (-0.93%)
- Gold 4,329 (+0.56%)
- WTI 76.37 (+1.53%)
- US 10Y 4.643% (+3bp)
- DXY 99.7880 (+0.11%)
- Bitcoin 64,455 (+0.12%)
- VIX 15.96 (+0.95%)
- DE 10Y 3.115% (+0bp)
The Ukrainian strike on a large Russian refinery drove Crude higher, lifting WTI to 76.37 and Brent to 80.77. In Asia, the Nikkei 225 fell to 65,683 even as SoftBank posted an earnings beat that supported sentiment across parts of the tech complex. Europe firmed, with the Euro Stoxx 50 up to 6,510. Treasury yields edged higher, the US 10Y at 4.643%, while the German 10Y held flat at 3.115%. The dollar was steady, DXY at 99.7880. Gold edged up to 4,329 and Bitcoin held near 64,455. The VIX rose to 15.96.
Key headlines
- Alphabet Seeks Up to $25 Billion in Bond Sale for AI Expansion
- Congo Bans Copper and Cobalt Concentrate Exports
- Ooredoo, Nvidia, Nokia Unveil Multi-Billion AI Compute Platform in Southeast Asia
- Hedge funds forced out of tech stocks may leave the market at the mercy of retail traders
The takeaway
The split in US futures, with S&P Futures and Dow Futures higher but Nasdaq Futures lower, reflects a rotation away from megacap technology after the prior session's Nasdaq decline. Rising energy costs from the Crude jump and a firmer Treasury yield at 4.643% add pressure to growth-sensitive valuations.
The Crude rally bears watching as traders assess the durability of the Russian refinery outage and its impact on supply. The Congo ban on Copper and cobalt concentrate exports adds a further commodity supply question. Alphabet's bond sale for AI expansion and Warner Bros. Discovery's streaming results are in focus, alongside the US 10Y at 4.643% and the VIX at 15.96.
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Frequently asked questions: August 6, 2026
What is happening in the markets today?
Crude jumped after a Ukrainian drone strike on a major Russian oil refinery, sending WTI to 76.37 and Brent to 80.77. US stock futures were mixed pre-open, with S&P Futures higher at 7,760.75 and Nasdaq Futures lower, while the Nikkei 225 closed down at 65,683 and Europe firmed.
Where are US stock futures this morning?
US futures were mixed ahead of the cash open. S&P Futures edged up +0.15% to 7,760.75 and Dow Futures rose +0.24% to 54,625.00, while Nasdaq Futures slipped -0.56% to 29,450.25.
What should investors watch in the markets today?
Watch Crude's path as the market weighs the Russian refinery outage, with WTI at 76.37, along with the Congo Copper and cobalt export ban. Also in focus are the US 10Y yield at 4.643%, the VIX at 15.96, and corporate news from Alphabet and Warner Bros. Discovery.
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