NewsWPLG Local 10 – Main FeedAugust 11, 2026Miami-Dade
Global oil prices stabilize and U.S. stock markets await July inflation data
Oil prices fluctuated on Tuesday amid ongoing uncertainty regarding the Strait of Hormuz, while U.S. stock futures showed minimal movement ahead of Wednesday's national inflation report. The average U.S. gasoline price rose to $4.01 per gallon as markets monitor potential Federal Reserve interest rate adjustments.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
Fluctuations in global oil prices and upcoming data directly impact the cost of consumer goods, gasoline prices, and the likelihood of future interest rate changes by the Federal Reserve.
Key Facts
- Brent crude oil settled at $87.61 per barrel.
- U.S. benchmark crude oil settled at $82.19 per barrel.
- The average price for a gallon of regular gasoline in the U.S. is $4.01.
- Economists expect the July U.S. inflation rate to be 3.4%, down from 3.5% in June.
- Oil prices swung between $72 and $102 per barrel last month.
- The Reserve Bank of Australia maintained its benchmark interest rate at 4.35%.
- S&P 500 futures rose 0.1%, Dow Jones Industrial Average futures fell 0.1%, and Nasdaq futures rose 0.3% in premarket trading.
- Samsung Electronics shares rose 4.1%.
Who's Mentioned
organizationConocoPhillips“Major U.S. oil company.”organizationSK Hynix“Memory chipmaker.”organizationExxonMobil“Major U.S. oil company.”organizationChevron“Major U.S. oil company.”organizationSamsung Electronics“South Korean market heavyweight.”organizationAAA“Motor club reporting gasoline price data.”personIpek Ozkardeskaya“Senior analyst at Swissquote.”organizationFederal Reserve“U.S. central bank responsible for interest rate policy.”organizationReserve Bank of Australia“Central bank that kept interest rates at 4.35%.”personDonald Trump“U.S. President who commented on demands from Iran regarding the Strait of Hormuz”