Oil climbs as S&P 500 and Nasdaq hit records

Crude oil prices climbed on May 14, 2026, with benchmark futures rising 0.65% to $101.68 per barrel. The move higher reflected ongoing concerns about global supply conditions.

Geopolitical tensions in the Middle East have contributed to worries over potential disruptions, adding support to prices. These developments kept energy markets in focus for investors tracking both commodity and equity moves.

U.S. stock benchmarks delivered mixed performances on May 14, 2026, as major indices reacted differently to the latest macroeconomic and geopolitical signals. The S&P 500 (SPX) gained 0.5% to close at 7,444.25, setting a new record closing high.

The Nasdaq Composite outperformed, advancing 1.2% to 26,402.34 and also posting a record close. Technology and growth-oriented names were in demand as investors weighed the outlook for earnings and interest rates in light of new data.

By contrast, the Dow Jones Industrial Average (DJIA) edged lower, slipping 0.14% to finish at 49,693.20. The modest decline underscored a more cautious tone in some economically sensitive and blue-chip names, even as broader and tech-heavy indices pushed to fresh highs.

Market participants continued to digest inflation readings that have come in hotter than expected. The data have shaped expectations for the path of the economy and policy, influencing risk appetite across both equities and commodities.

At the same time, geopolitical tensions in the Middle East have reinforced concerns about energy supply, feeding into the recent rise in crude oil prices. These supply worries intersect with broader macro uncertainty, making energy a key swing factor for sentiment.

Investors were also closely watching diplomatic developments, particularly the planned summit between U.S. President Donald Trump and Chinese President Xi Jinping. The meeting is expected to address trade and economic issues between the two countries.

Expectations around the summit have added another layer of uncertainty to markets, as traders gauge potential implications for global trade flows, corporate earnings, and supply chains. This has contributed to a mixed overall tone even as some indices reach record levels.