ASIAN SHARES MOSTLY REBOUND FROM AI - RELATED LOSSES , WHILE OIL PRICES JUMP

What happened: Asian shares mostly rebounded from AI-related losses while oil prices jumped. U.S. futures fell as oil reached levels not seen since May amid stalled efforts to bring the U.S. Why it matters: Higher oil prices have weighed on stocks, with Brent up from less than $97 at the start of the month on uncertainty over when the war with Iran will let the global energy industry return to normal. Concerns about the cost of building out AI continue to weigh on stocks, though a sell-off eased early Friday.

Asian shares mostly rebounded from AI-related losses while oil prices jumped. U.S. futures fell as oil reached levels not seen since May amid stalled efforts to bring the U.S.

Higher oil prices have weighed on stocks, with Brent up from less than $97 at the start of the month on uncertainty over when the war with Iran will let the global energy industry return to normal. Concerns about the cost of building out AI continue to weigh on stocks, though a sell-off eased early Friday.