Markets
Crude Oil Plunges on Hormuz Reopening Hopes
Crude oil prices fell sharply Friday amid high expectations of a U.S.-Iran MoU to reopen the Strait of Hormuz, potentially resuming vital...
#energy markets 33 articles
Stocks
Oil Slides, Stocks Advance on Hormuz Breakthrough Bets
Global markets saw oil prices and the U.S. dollar fall Monday, while stocks advanced, as investors grew optimistic about a U.S.-Iran agreement...
Markets
WTI Crude Gains as Iran Talks Advance, Supply Crisis Looms
Crude oil prices edged higher on Friday, buoyed by positive signals from U.S.-Iran peace talks, even as concerns over an impending inventory...
Stocks
Pump Prices Jump 30% Ahead of Memorial Day, Storage Concerns Rise
U.S. gasoline prices averaged $4.55/gal on Friday, nearly 30% higher than last year, ahead of Memorial Day. Tightening storage levels suggest prices...
Stocks
Crude Rallies as US-Iran War Closes Strait of Hormuz, Tightening Supplies
Crude oil and gasoline prices surged Friday, reaching a 1.5-week high, driven by the escalating US-Iran conflict and the resulting closure of...
Markets
Crude Oil Soars Past $105 as Hormuz Blockade Persists After US-China Summit
Crude oil prices surged past $105 per barrel on Friday after the U.S.-China summit concluded without a breakthrough on the Strait of...
Stocks
Crude Futures Jump 10% as Iran Strait Closure Worries Market
U.S. crude oil futures surged 10% this week, driven by the prolonged closure of the Strait of Hormuz and deepening concerns over...
Stocks
US Natural Gas Futures Climb on Heatwave Forecasts, Boosting AC Demand
Natural gas futures rose on Wednesday, driven by forecasts for above-normal US temperatures expected to significantly increase electricity demand for air conditioning.
Markets
Strait of Hormuz Closure Costs 100 Million Barrels Weekly: Aramco CEO
Saudi Aramco CEO states a Strait of Hormuz closure results in a weekly loss of 100 million barrels of oil. Oil prices...