Bloomberg Market Wrap 6/13: S&P 500 High, Oil Prices

The video discusses market actions at the close, focusing on risk assets and long-term trends. It highlights a chart from Bank of America Merrill Lynch, showing the S&P 500 and bond indexes' performance since January 2018. The S&P 500 reached an all-time high, while bond indexes showed mixed trends. A significant rally followed in stocks and bonds. The video also covers oil market movements, noting a rise in prices due to geopolitical tensions in the Persian Gulf, with the Trump administration blaming Iran for tanker attacks. Despite fears of reduced supply, oil price increases were less than expected, reflecting ongoing trade tensions and high inventories.

What were the market reactions to the news of tankers being attacked in the Persian Gulf?

What factors contributed to the recent decline in oil prices according to the text?