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…
The IEA projects a 2.5 million barrel-per-day decline in oil demand this year due to the U.S.-Iran conflict, rivaling losses seen during the 2008–2009 financial crisis. Analysts warn that global dema…
Crude oil slid below $100 per barrel as planned diplomatic talks between Iran and Gulf states eased Strait of Hormuz disruption fears. Downward pressure was further amplified by both the IEA and OPEC…
OPEC cut its 2026 global oil demand forecast from 580,000 to 380,000 barrels per day, citing demand destruction from elevated fuel prices. Although WTI and Brent breached $100 per barrel amid US-Iran…
Treasury Secretary Scott Bessent is preparing debt buybacks to stabilize Treasury yields, providing a backstop for broader markets. Simultaneously, crude oil rallied to three-month highs amid escalat…
Crude oil recovered to close higher amid pre-holiday short covering, ongoing US-Iran tensions, and Russian refinery outages. Bullish drivers like dropping Saudi exports and worsening supply deficits …
U.S. Treasury yields dropped in Asian trading as crude oil prices retreated from elevated levels. New York Fed President John Williams noted no urgent need to raise interest rates, contributing to a …
Crude oil slipped below $90 per barrel, pausing a recent rally as robust Strait of Hormuz transit flows eased immediate supply concerns despite ongoing military strikes between the US and Iran.
API data showed US crude oil inventories fell by 2.6 million barrels, reversing the previous week's increase. Distillate stocks also decreased, while gasoline and Cushing reserves saw modest builds a…
Mexico's pipeline imports of U.S. natural gas hit a record 7.9 Bcf/d in August, according to Wood Mackenzie. While exports are projected to enter a seasonal decline due to easing cooling demand, medi…
Oil prices jumped over 2% driven by renewed Middle East tensions, pushing bond yields higher and pressuring precious metals like gold and silver. Higher energy prices risk fueling inflation and reinf…
Total US crude stockpiles fell 3.6 million barrels, with commercial inventories rising by just 100,000 barrels against a 1.6-million forecast. Large draws in gasoline and distillate reserves alongsid…
Crude oil prices fell as Iran and Oman discussed creating a temporary navigational corridor in the Strait of Hormuz. Despite market optimism over potential easing of shipping disruptions, analysts ca…
Brent crude dropped toward $87 per barrel as easing geopolitical concerns weighed on prices. Iran and Oman opened talks over a joint maritime corridor in the Strait of Hormuz, while softer-than-expec…
Oil prices slipped in early Asian trading due to position adjustments. Meanwhile, the market braces for anticipated new U.S. sanctions against Iran, potentially targeting major buyers like China amid…