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U.S. stocks rebounded over 1% Friday, breaking a four-day slide as crude prices retreated. WTI dropped 3% to $99.44 and Brent slipped 2.74%. Despite August core CPI slightly exceeding expectations, m…
Chevron CEO Mike Wirth warned that global oil buffers preventing price spikes are exhausted, tilting crude risks upward. The IEA confirmed global inventories plunged by 95 million barrels in August a…
The US dollar advanced against the Canadian dollar as hotter core CPI data solidified expectations for an imminent Federal Reserve rate hike. Higher Treasury yields pressured gold, while crude oil pr…
The White House is considering using the Defense Production Act to expand domestic oil refining capacity. Preliminary talks with US refiners focused on regulatory reform, expedited permitting, and st…
Gold hovered near $4,380/oz, facing a third consecutive weekly drop as rising Fed rate-hike expectations lifted the US Dollar and Treasury yields. Hotter PPI data and crude oil topping $100/bbl on US…
Brent crude surged past $109 per barrel this week, driving breakouts across the energy sector. Rising oil prices and strong LNG demand continue to provide strong tailwinds for oil and gas producers.
Energy stocks edged higher on Friday despite sharp declines in benchmark crude prices, with WTI dropping 2.4% to $100.05 and Brent declining 2.5% to $104.92. Meanwhile, reports highlighted potential …
Chevron CEO Mike Wirth warned that oil prices will likely remain elevated as emergency supply buffers cushion against Middle East disruptions are largely depleted. With Brent crude hovering above $10…
US diesel prices surged past a record $6 per gallon amid Middle East supply tensions, boosting crude and refined product markets. The spike intensifies broader inflationary pressures across transport…
The US Treasury's $6 billion bond buyback failed to suppress rising yields, keeping the 10-year note near 5% and pushing mortgage rates past 7%. Treasury Secretary Bessent attributed elevated yields …
Crude oil retreated over 2% toward $100 after Iran agreed to meet Gulf states regarding Strait of Hormuz shipping. Downward pressure was amplified by bearish IEA demand cuts and rising US production …
US equities rose midday led by technology and semiconductor gains following August CPI data. Major ETFs advanced while crude oil tumbled over 2%. Cryptocurrencies traded higher, with Bitcoin climbing…
US equity indexes surged over 1% in midday trading led by tech and communication shares, brushing off higher Treasury yields following August CPI data. Meanwhile, crude oil prices tumbled over 3%, se…
Escalating tensions between the U.S. and Iran over the Strait of Hormuz have triggered a sharp rally in energy prices, heightening supply disruption risks across global petroleum markets and boosting…
European equities climbed on Friday, buoyed by declining crude oil prices and a surprise 0.4% expansion in UK July GDP against flat expectations. Germany's DAX rallied 0.8%, while corporate activity …
WTI crude fell 2.4% on Friday after the IEA warned that elevated prices and tight supply will trigger the biggest drop in global demand since the pandemic. Meanwhile, firmer US core CPI bolstered Fed…
WTI crude pulled back 2.4% to settle at $100.05 a barrel, securing a 9.4% weekly gain. The daily dip reflects profit-taking and IEA demand concerns, but escalating Middle East tensions and Houthi str…
WTI crude fell 2.37% after the IEA warned of demand destruction from elevated prices. However, the agency widened its global oil deficit forecast to 1.7 million bpd as escalating US-Iran conflict, Sa…
QatarEnergy is negotiating multi-year U.S. LNG supply contracts through 2031 to replace 12.8 million tons per year of capacity damaged by Iranian strikes. The shift from spot purchases signals prolon…
The IEA warned that Middle East supply normalisation will be delayed until 2027 due to ongoing war and shipping chokeholds. Despite cutting demand forecasts, crude broke above $100 and diesel surpass…