US stock markets traded cautiously near record levels on Monday as rising oil prices and fresh tensions around the Strait of Hormuz kept investors on edge, AP reported. The S&P 500 slipped 0.1 per cent after touching an all-time high, while the Dow Jones Industrial Average fell 216 points, or 0.4 per cent, as of 9:35 am Eastern time. The Nasdaq composite edged up 0.1 per cent. Oil markets saw stronger movement, with Brent crude rising 2 per cent to $110.37 per barrel and briefly crossing $114 during the session. Prices have surged sharply from around $70 before the war,…
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