U.S. stock futures point to a negative open as oil prices continue to spike

U.S. stock futures indicate a downturn as rising oil prices raise concerns about inflation and economic growth. The surge in oil prices is attributed to supply chain disruptions and geopolitical tensions in oil-producing regions. Investors are reacting cautiously, leading to lower expected opens for major indices. Higher oil prices can increase costs for businesses and consumers, potentially slowing down economic recovery. Key sectors such as transport and consumer discretionary may see negative impacts from these developments.