India, May 12 -- Initial trends from the U.S. Futures Index suggest that Wall Street might open lower on Tuesday. Investors are worried about the rising oil prices and inflation.
Geopolitical situation remains turbulent with doubts over the U.S.-Iran ceasefire. There are reports that the Trump administration may consider military action against Iran.
Oil prices extended rally on Tuesday. Brent crude futures for July delivery were up more than 3 percent at $107.47 a barrel. Brent crude futures climbed above $106 a barrel.
Gold dipped toward $4,700 an ounce on Tuesday, while the U.S. dollar index climbed above 98.00. Spot gold fell 0.7 percent to $4,702.72 an ounce.
As of 7.50 am ET, the Dow futures were losing 10.00 points, the S&P 500 f...