Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower

Summary by The San Antonio Editorial Desk · Based on reporting by Elaine Kurtenbach, Associated Press, KSAT 12 (ABC affiliate) · July 23, 2026 · 4 min read

Brent oil shot to its highest price since May on Thursday as increased fighting in the Middle East threatens to slow the global flow of crude . At the same time, sharp drops for two of Wall Street's most influential companies, Alphabet and Tesla , yanked the U.S. stock market lower. The S&P 500 s...

Why this matters in The San Antonio

San Antonio's own thriving tech industry, with its growing number of startups and established companies, is closely tied to the fluctuations in the global market, particularly in the artificial intelligence sector. As investors watch the performance of AI-related stocks, local businesses and entrepreneurs are also feeling the effects. The recent gains in Asian shares, led by technology companies, may signal a boost to San Antonio's own tech scene, where companies are investing heavily in AI research and development. However, the decline in U.S. futures and the volatility of AI stocks on Wall Street may also indicate a cautious approach to investment in the local tech industry. As the city continues to position itself as a hub for innovation and technology, the performance of the global market will be closely watched by local business leaders and investors.

About this story

Original reporting by KSAT 12 (ABC affiliate). The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page.

For the complete original report, visit KSAT 12 (ABC affiliate). Have a tip or correction? Contact our newsroom.

Category: local · Published: July 23, 2026 · Source: KSAT 12 (ABC affiliate) · Reading time: 4 min

Frequently asked about this story

What is this story about?

When was this published?

This article was first published on July 23, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.

Who reported this story?

This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards.

Where can I find related coverage?

See more local coverage from The San Antonio, or browse our daily briefing and topic hubs.

Summary created by	The San Antonio Editorial Desk — automated, rule-governed
Original reporting	Elaine Kurtenbach, Associated Press, KSAT 12 (ABC affiliate)
Original story	Read at the source
Source published	Jul 23, 2026
Indexed here	Jul 23, 2026
AI assistance	Automated summary drawn from the source’s own published text
Prepublication human review	No — editorial rules, flagged-item review, and published samples

Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower

More stories

As rescued beluga whales arrive at SeaWorld, conservation group warns the move is ‘cautionary tale’

Heat index of 105°+ today, while some in Texas will get rain from Tropical Storm Bertha

US health officials are investigating a new outbreak of a diarrhea-causing parasite

Carapaz wins stage 18 of the Tour de France with a late breakaway, Pogacar keeps overall lead

Faces of the Spurs listening tour: Residents excited, concerned about downtown arena, Project Marvel

Burglary suspect taken into custody after chase on South Side, authorities say

Salman Rushdie testifies at the terrorism trial of the man convicted of stabbing him

Bread rolls sold in TX recalled over potential for glass contamination

San Antonio Missions to host NCAA baseball tournament at Wolff Stadium in 2027

San Antonio temps hit 100 this week. Here's how to stay safe in the heat.

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

Teen hid gun in movie theater restroom after confrontation outside New Braunfels Target

Get the briefing.