A momentum indicator for a crude futures chart has soared to its highest level in 36 years, but as the Wall Street saying goes, overbought doesn’t mean over.

U.S. and Israeli strikes on Iran sent stock futures tumbling and oil prices surging over potential supply disruptions in the Strait of Hormuz.

Crude oil futures traded higher on Thursday morning after a US submarine sank an Iranian warship off the coast of Sri Lanka.

Oil futures surged Monday after the United States and Israel launched strikes against Iran over the weekend, with the conflict spilling over into the wider Middle East region. US crude jumped 7.5%. Brent crude,

By Jarrett Renshaw March 5 (Reuters) - The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market,

Crude oil futures pared sharp initial gains Sunday night, while U.S. stock futures improved somewhat after an initial selloff in the first trading session since Saturday's attack on Iran by the U.S. and Israel.

A shaky start to the week is in store for financial markets after the U.S. and Israel attacked Iran over the weekend.

Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.

Concerns about oil supplies from the Middle East are continuing to rattle investors in Japan, leading to volatility in Tokyo stocks.

By Georgina McCartney HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday,

US stocks were lower Friday, with the major indexes on track for weekly losses, as surging oil prices and weaker-than-expected jobs data added to concerns rippling through markets.