Crude oil hovers near $100 as US-Iran conflict disrupts Strait of Hormuz flows, cutting transit drastically. Matrix Energy's Daniel Dicker urges investors to remain long on crude and energy stocks, c…
Oil prices dropped over 2% as diplomatic efforts eased Strait of Hormuz supply concerns. Gold also slipped, while the US dollar rose 0.2% against the Canadian dollar to 1.3864, even as Canadian house…
WTI crude pulled back 2.37% after an IEA demand warning, but major supply risks persist. Escalating US-Iran conflict, Houthi disruptions in the Red Sea, and drone strikes on Russian infrastructure ha…
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 …
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…
Surging crude oil prices driven by geopolitical conflict are fueling tailwinds across the energy sector. High prices near $95 per barrel enable producers to rapidly cut debt and triple free cash flow…
European stock indices climbed midday Friday as Brent crude dropped over 3% following IEA demand downgrades. Easing oil prices provided relief from inflation pressures, lifting bank shares and pushin…
Gold slipped ahead of August CPI data as surging Brent crude above $103 sparked concerns over persistent inflation. Mounting expectations of a Federal Reserve interest rate hike next week are weighin…
Asian stock markets fell broadly, pressured by Brent crude hovering near $104 a barrel and rising sovereign bond yields. Japan's Nikkei 225 dropped 1.9% as 10-year government bond yields tested 30-ye…
Gold rebounded 0.8% ahead of key US CPI data but faces a third consecutive weekly drop amid high Fed rate hike expectations. Concurrently, Brent crude hovered near $108 per barrel due to escalating m…
Escalating Middle East conflicts and shipping disruptions in the Red Sea and Strait of Hormuz have pushed Brent and WTI crude past $100 per barrel. Analysts warn prices could reach $120, reigniting g…
The ECB raised interest rates by 25 basis points to 2.5% to fight energy-driven inflation as Brent crude topped $100. Hawkish signals suggest borrowing costs could reach 3.0%, increasing pressure on …
Wharton professor Jeremy Siegel expects the Federal Reserve to hike interest rates next week amid surging yields and Brent crude topping $100. Siegel anticipates an initial market selloff upon any ra…
U.S. August PPI surged 5.4% year-over-year, exceeding forecasts on higher energy costs, while Brent crude breached $100 per barrel. Persistent wholesale inflation and rising fuel expenses have rekind…
Global markets tumbled as soaring Brent crude near $110 and hotter US PPI figures pushed Treasury yields toward 5%. Escalating energy costs and rising expectations for a Federal Reserve rate hike con…
A major tanker operator reported strong earnings boosted by geopolitical tensions and Strait of Hormuz avoidance, expanding ton-mile demand. Backed by solid charter demand from oil majors and a $3.1 …
Crude oil benchmarks surged over 6%, with WTI topping $102 and Brent exceeding $107 per barrel, following geopolitical escalation as Houthi forces seized Yemen's Mocha port, threatening crucial Middl…
Canada's 10-year bond yield surged to 3.904% as Brent crude spiked past $100 amid Middle East tensions. The oil rally has renewed global inflation worries, delayed anticipated interest-rate cuts, and…
The Canadian dollar edged lower near 1.3808 against the greenback despite crude surging above $100 a barrel amid escalating US-Iran tensions. Gains for the loonie were limited by broader risk aversio…