Benzinga Market Summary: Crude Oil Markets Rise After Iran Refutes President Trump's Peace Talk Claims; Apollo And Ares Added Their Names To The List Of Private Credit Funds Limiting Withdrawals Amid A Surge In Requests - Apollo Global Management (NYSE:APO), Ares Management (NYSE:ARES), State Street SPDR S&P 500 ETF Trust (ARCA:SPY), United States Oil Fund (ARCA:USO)
Despite a brief but significant rise in crude oil prices, shares in New York plummeted nearly 20% after Iran's rejection of President Trump's peace talks, prompting concerns about market stability.