Oil Tumbles on Stock-Release Report as Eurozone Inflation Hits Three-Year High; US Futures Point Higher

Hyperdash News|10/02/2026 10:51 UTCMacro

US stock futures pointed higher before the open, with S&P Futures up +0.47% and Nasdaq Futures up +0.75%, as Crude slid on a report of a potential diesel and Crude stock release and traders weighed the hottest eurozone inflation in three years.

Scoreboard

• S&P Futures 7,760.25 (+0.47%)
• Euro Stoxx 50 6,226 (+0.82%)
• Nikkei 225 68,309 (-0.94%)
• Gold 4,208 (+0.13%)
• WTI 89.36 (-3.78%)
• US 10Y 5.233% (+0bp)
• DXY 102.0050 (-0.09%)
• Bitcoin 86,365 (+2.92%)
• VIX 15.98 (-2.50%)
• DE 10Y 3.434% (+2bp)

WTI fell -3.78% to 89.36 and Brent dropped -2.50% to 99.75, slipping below 99.75 after wires reported a potential diesel and Crude stock release. Eurozone inflation surged to its highest in three years as energy costs soared, lifting the German 10-year yield +2bp to 3.434%. The US 10-year yield was little changed at 5.233%. Wires cited reports that Russia's Putin updated the country's nuclear doctrine as a factor pushing futures and yields overnight. Gold held near flat at 4,208, while Bitcoin jumped +2.92% to 86,365. The dollar was little changed, with DXY at 102.0050.

Key headlines

• Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
• The September jobs report will be released Friday. Here's what to expect
• Diesel hits £2 a litre for first time; eurozone inflation rate surges to 3.8%, business live
• Bargain Britain lures foreign buyers as hostile takeovers surge

The takeaway

The divergence between US and European rates stands out. The German 10-year yield rose +2bp after eurozone inflation hit a three-year high on surging energy costs, while the US 10-year yield held flat at 5.233%. The split reflects Europe's acute energy-driven price pressures against a steadier US backdrop.

Friday's US jobs report is the main event, with investors watching the payrolls print for signals on the labor market. Nike shares were down after the company issued a weak outlook and announced layoffs, a major single-stock mover into the open. Traders will also track whether Crude extends losses on the reported stock release and whether eurozone inflation shapes rate expectations.

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Frequently asked questions: October 2, 2026

What is happening in the markets today?

US stock futures pointed higher before the open, with S&P Futures up +0.47% and Nasdaq Futures up +0.75%. Crude fell, with WTI down -3.78% to 89.36 on a report of a potential diesel and Crude stock release, while eurozone inflation hit a three-year high.

Where are US stock futures this morning?

US stock futures were higher. S&P Futures rose +0.47% to 7,760.25, Nasdaq Futures gained +0.75% to 30,990.50, and Dow Futures edged up +0.50% to 51,499.00.

What should investors watch in the markets today?

Investors should watch Friday's US jobs report, Nike shares after a weak outlook and layoffs, and whether Crude extends its decline. WTI was down -3.78% at 89.36 on a reported stock release.

Where can I track live market data across asset classes?

Hyperdash shows real-time prices, charts and positioning for equities like the S&P 500, commodities like Gold and crypto like Bitcoin, all in one dashboard.

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