India, Sept. 10 -- The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the downward move seen over the past few sessions.
Inflation concerns are likely to contribute to continued weakness on Wall Street amid another substantial increase by the price of crude oil.
U.S. crude oil futures are soaring by nearly 5 percent after surging by more than 3 percent on Wednesday. The price of crude oil has shot up above $100 a barrel as President Donald Trump suggested the U.S.-Iran conflict could last until after the midterm elections.
A Wall Street Journal report citing U.S. officials said top White House advisers have privately raised the prospect with Trump that the war could drag on throu...