Oil's seven-week rising streak at risk
Market concerned about global demand growth
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Market concerned about global demand growth
Next week will bring quarterly results from this year's leading stock in the S&P 500, and a speech on the Fed's inflation fight from chair Jerome Powell.
U.S. West Texas Intermediate (WTI) crude futures were up $1.08, or 1.3%, to $81.47 a barrel at 1:09 p.m. EDT [1708 GMT], while the global Brent crude benchmark rose 81 cents, or 1%, to $84.93 a barrel.
Nvidia (NVDA.O) jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on a stellar revenue forecast pointed to the game-changing potential of artificial intelligence.
There were tumultuous scenes in Argentina on Monday as the country's currency, the peso, was devalued by 18 percent, and official interest rates were increased 21 percent to 118 percent.