India, Oct. 8 -- The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside after ending the previous session well off their worst levels but still modestly lower.
A renewed spike in crude oil prices is likely to weigh on Wall Street amid concerns about a re-escalation of the conflict in the Middle East.
U.S. crude oil futures are spiking by nearly 5 percent on the day, while international benchmark Brent crude futures have soared back well above $100 a barrel.
Crude oil prices are surging after a report from NBC News said President Donald Trump and his national security team have discussed possibly resuming large-scale U.S. military operations in Iran in the coming weeks....