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Oil hits $116 for first time since April as global stocks knocked by AI fears

Managing Editor · Friday, October 23, 2026 at 2:42 PM · 1 min read

Oil hits $116 for first time since April as global stocks knocked by AI fears — Financial Times, Mumbai Technology news — Image: Financial Times

Markets face twin threats of surging crude prices and concern over durability of AI boom

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This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%. — MarketWatch

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