Oil tops $100 US per barrel, as Tesla and Alphabet drag stocks lower

https://i.cbc.ca/ais/36e7ec39-58f8-45a6-b9b7-2cfe0bf9077d,1784816391046/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C6720%2C3780%29%3BResize%3D%28620%29" title="Boats float near the coast of Bab el-Mandeb, Yemen April 2, 2026.

Attacks in the nearby Red Sea caused oil prices to jump above $100." width="620" />

It's the first time oil has risen above that benchmark of $100 since late May.

Stocks sank under the pressure of rising oil prices, while companies with big fuel bills fell on worries about higher expenses.