Oil Below $93, Asia͏n Stocks Jump 5.4%, Gold A͏bove $5,1͏74 as G͏lobal Ma͏rkets React to E͏nerg͏y and Currency M͏oves

Mumbai,͏ March 10: Global f͏i͏nancial markets w͏itnesse͏d sharp cross-asset movements͏ on Tuesd͏ay as eas͏ing crude ͏o͏il ͏prices, geo͏political d͏evelopments ͏affecting e͏n͏ergy supply routes, and mac͏roecon͏omic signals influence͏d tr͏a͏ding acros͏s equ͏ities, commodities, currencies and crypt͏ocurrencies. ͏

Asian st͏ock ͏markets rebounded͏ st͏rong͏ly following s͏teep decl͏ines earlier in the week, while co͏mmo͏dit͏y ma͏r͏kets experienced significant volat͏ility, particu͏larl͏y in crude oil and͏ p͏recious metals. ͏Currency and digital͏ a͏ss͏et ͏markets also recorded moderate adjustments͏ as global markets͏ recalib͏rated to changing ͏energy͏ prices and inflation signals.

Brent ͏at ͏$͏92.68, WTI $88.5͏8 After͏ Oil͏ Drops 6%

Global energy markets remained highly volatile on March 10, 2026, with crude oil prices reversing part of their earlier surge. Brent crude traded near $92.68 per barrel, while West Texas Intermediate (WTI) crude hovered around $88.58 per barrel, representing a decline of more than 6% during the trading session.

Earlier in the week, crude prices had surged to nearly $119–$120 per barrel amid concerns that geopolitical tensions could disrupt shipments through the Strait of Hormuz, a key maritime route responsible for transporting nearly 20% of global crude oil supplies. As fears of immediate supply disruptions eased during Tuesday’s trading session, crude prices cooled, reducing pressure on energy-dependent economies and stabilising broader commodity markets.

Natural Gas Holds $2.72 Amid Energy Supply Monitoring

Alongside crude oil, natural gas markets also reflected cautious trading conditions. US natural gas futures traded close to $2.72 per MMBtu, showing moderate volatility as traders tracked global energy demand patterns and supply developments across major producing regions. Energy markets remained sensitive to weather forecasts, storage data and potential supply risks linked to geopolitical developments in key production and shipping zones. Movements in natural gas prices also reflected the broader adjustments taking place across the global energy complex following the earlier surge in crude oil prices.

Asian Stocks Rebound as Nikkei Rises 2.9%

Asian equity markets staged a broad recovery on Tuesday after sharp losses earlier in the week when crude oil prices surged above the $100 per barrel level. Market sentiment improved as oil prices cooled, easing immediate concerns around energy-driven inflation and production costs across major Asian economies.

Japan’s Nikkei 225 advanced 2.9%, while South Korea’s Kospi surged 5.4%, marking one of the strongest gains in the region during the session. Hong Kong’s Hang Seng index rose 2.1%, while China’s Shanghai Composite edged up 0.6%. The broader MSCI Asia-Pacific Index gained 2.8%, reflecting a widespread rebound across regional equity markets. The recovery followed sharp volatility earlier in the week as global markets reacted to the rapid escalation in crude oil prices and fears of disruptions to global energy supply chains.

US Markets Hold Gains with Nasdaq at 22,695

Major United States equity indices also recorded gains as markets stabilised following the earlier energy-driven volatility. The S&P 500 index traded near 6,795.99, rising 55.97 points or 0.83%, while the Nasdaq Composite climbed to 22,695.95, gaining 308.27 points or 1.38% during the session.

Technology stocks led the recovery across US markets. Shares of Nvidia rose 2.68%, Advanced Micro Devices gained 5.32%, Broadcom advanced 4.63%, and Intel climbed 4.97%. The rebound followed sharp swings in global markets linked to the surge and subsequent cooling of energy prices, which had influenced inflation expectations and corporate cost outlooks.

European Indices Track Oil with FTSE Near 10,249

European stock markets remained closely linked to developments in global energy prices due to the region’s reliance on imported fuel supplies. Benchmark indices including the FTSE 100 in the United Kingdom, DAX in Germany, and CAC 40 in France continued to track crude oil movements and broader commodity price trends.

Earlier trading data showed the FTSE 100 closing near 10,249, reflecting volatility triggered by the spike in oil prices and its implications for inflation and industrial costs across Europe. Market activity in the region remained sensitive to energy supply developments and broader macroeconomic indicators.

Gold Above $5,174 as Silver Reaches $88.73

Precious metals recorded gains as investors monitored geopolitical developments and currency fluctuations. Spot gold traded around $5,174.49 per ounce, registering an increase of approximately 0.7% during the session, while US gold futures rose to around $5,184 per ounce, marking a gain of about 1.6%.

Silver prices also advanced during the trading session, with spot silver trading near $88.73 per ounce, reflecting an increase of roughly 2%. Among other precious metals, platinum traded close to $2,196.35 per ounce, rising about 0.7%, while palladium slipped slightly to approximately $1,685.01 per ounce, declining about 0.3%. Precious metal movements were partly influenced by fluctuations in the US dollar and the broader uncertainty surrounding global energy supply.

Copper at $4.02 and Aluminium Near $2,230

Industrial metals showed mixed performance as markets assessed global manufacturing demand and production costs. Copper traded near $4.02 per pound, reflecting relatively stable demand expectations from sectors including construction, electronics and renewable energy infrastructure.

Meanwhile, aluminium traded close to $2,230 per tonne on international exchanges, with prices fluctuating amid changing energy costs and supply conditions. Aluminium production is highly energy-intensive, making the metal particularly sensitive to shifts in electricity and fuel prices. Movements across industrial metals reflected cautious trading as markets responded to developments in both global growth indicators and commodity supply conditions.

Dollar Index at 103 as EUR/USD Holds 1.09

Currency markets also adjusted to developments in commodity prices and global risk sentiment. The US Dollar Index (DXY) traded near 103, reflecting moderate fluctuations during the session. The dollar weakened by approximately 0.4%, influencing movements in several major currency pairs.

The EUR/USD exchange rate traded near 1.09, indicating relative stability between the euro and the US dollar. At the same time, the USD/JPY pair hovered around 147, reflecting continued strength in the US currency against the Japanese yen. Movements in foreign exchange markets remained closely linked to developments in commodities, global interest rates and macroeconomic expectations.

Bitcoin Gains 1.4% as Crypto Markets Stabilise

Cryptocurrency markets also recorded moderate gains during Tuesday’s trading session. Bitcoin rose approximately 1.4%, while Ethereum recorded modest increases, reflecting a broader recovery across digital asset markets. The improvement in cryptocurrency prices coincided with stabilisation across global financial markets following the earlier spike in crude oil prices and heightened geopolitical tensions affecting energy supply routes.

Global markets on 10 March 2026 experienced broad cross-asset adjustments as Brent crude fell to $92.68, Asian equities rose between 0.6% and 5.4%, and gold traded above $5,174 per ounce. Movements across commodities, currencies and cryptocurrencies reflected shifting global conditions driven by changes in energy prices, geopolitical developments affecting oil supply routes, and broader macroeconomic signals influencing international financial markets.