India, May 12 -- The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside after ending yesterday's choppy session modestly higher.
An extended surge by the price of crude oil may weigh on Wall Street amid concerns about a re-escalation of the Middle East conflict.
U.S. crude oil futures are spiking by more than 3 percent on the day after jumping by 2.8 percent during Monday's session.
The continued increase by the price of crude oil comes as the U.S. and Iran struggle to reach an agreement to end the war and reopen the critical Strait of Hormuz.
President Donald Trump later told reporters on Monday that the U.S.-Iran ceasefire is on "life support" amid the ongoing dispute...