Meta Capex Targets $145B as AI Spending Race Intensifies

WTI crude touched the $100-per-barrel mark intraday before giving back gains and closing down 0.5% at $97.40 per barrel. Brent crude closed up 0.11% at $106.39 per barrel. Oil prices were volatile as renewed hopes for Russia-Ukraine peace negotiations intersected with persistent Middle East tensions. Reports included a drone attack on oil fields in eastern Saudi Arabia, while the U.S. State Department clarified that a reported embassy personnel withdrawal in the Gulf was limited to Saudi Arabia. The market is also tracking comments that Saudi Arabia agreed to extend additional diesel supply, alongside reports that the U.S. has recently reduced troop deployments at Middle East bases amid concern over escalation involving Iran.