US stock futures indicated a steady start to trading on April 13, following a rally that saw major indices gain over 1% the previous day. The S&P 500 rose 1.2% to 6,987, just 0.2% shy of its record high of 7,002. The Dow Jones Industrial Average closed up 320 points at 48,508.61, while the Nasdaq 100 increased by 1.95% to 23,656, marking its longest winning streak since 2021. Market optimism is fueled by expectations of easing tensions in the Middle East, which could stabilize oil prices and inflation, thereby supporting economic growth. Despite a previous sell-off in March due to inflation concerns, positive earnings and dovish comments from the Federal Reserve have revived investor sentiment. In the oil market, prices rebounded with benchmark US crude rising $1.93 to $93.21 per barrel, while Brent crude increased by $2.11 to $94.79 per barrel. The International Energy Agency has projected a decline in global oil demand this year, the first since the pandemic began in 2020.