U.S. Stocks May See Continued Weakness As Crude Oil Prices Top $100 A Barrel

After moving mostly lower over the three previous sessions, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent.

Inflation concerns are likely to contribute to continued weakness on Wall Street amid another substantial increase by the price of crude oil.

U.S. crude oil futures are soaring by nearly 5 percent after surging by more than 3 percent on Wednesday. The price of crude oil has shot up above $100 a barrel as President Donald Trump suggested the U.S.-Iran conflict could last until after the midterm elections.