Oil futures climbed by nearly 5% Tuesday, with global prices settling above $104 a barrel following a report that the Pentagon plans to deploy an airborne Army unit to the Middle East to support its operations against Iran — signaling that the situation in the region is poised to intensify.
Shares of Apollo Global Management and Ares Management dropped after private-credit funds the firms managed disclosed receiving more than double the redemption requests that the funds were willing to honor.
