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The IEA slashed its 2026 global oil demand outlook by 2.5 million bpd while warning supply will plunge by 5.7 million bpd amid US-Iran tensions. With over 10 million bpd in Gulf output shut in, crude…
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…
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…
Brent crude surged past $107 per barrel amid escalating Middle East conflict and Red Sea shipping disruptions following Houthi rebel actions. The US dollar strengthened alongside resilient Treasury 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…
Crude oil jumped 13% this week, with Brent reaching $107.86 and WTI topping $102 amid escalating Gulf hostilities. Regional supply threats mount as tanker attacks intensify in the Persian Gulf and Ho…
Saudi Arabia's crude production plunged by 1.9 million barrels per day in August to 6.23 million, hitting 34-year lows amid Middle East conflicts and shipping blockades. Severe export bottlenecks pus…
Brent crude surged past $108 per barrel amid escalating Middle East conflict and attacks on Saudi energy facilities and Persian Gulf tankers. With Saudi production dropping 1.9 million barrels daily …
Crude oil surpassed $103 per barrel as escalating Middle East conflict threatens global energy supplies. Houthi attacks on Saudi facilities slashed Saudi output by 1.9 million bpd, while Persian Gulf…
U.S. stocks fell as Treasury yields surged following wholesale inflation data and escalating geopolitical conflict in the Middle East. With the military striking Iranian oil tankers and yields rising…
WTI crude surged nearly 7% to a 3.5-month high amid escalating US-Iran conflict and severe supply disruptions. The closure of the Strait of Hormuz, Saudi output falling to 1990 lows, and drone strike…
Oil surged past $100 per barrel amid escalating Middle East military conflicts involving Iran, Saudi Arabia, and the U.S. The surge sparked severe inflation worries, sending Treasury yields higher an…
Brent and WTI crude surged over 4%, topping $105 and $100 per barrel respectively, as escalating Middle East conflict threatened key shipping chokepoints. Houthi forces seized Yemen's Mocha port near…
Escalating Middle East tensions have driven crude oil above $100 per barrel, yet energy equities like ExxonMobil lag behind sharp upward revisions in earnings estimates. With depressed valuation mult…
WTI crude surged nearly 6% to a 3.5-month high driven by an intensifying US-Iran conflict, Houthi strikes on Saudi refineries, and Russian output disruptions. Deepening global supply deficits severel…
WTI crude surges toward $100 per barrel following escalating military strikes between the U.S. and Iran alongside Houthi advances near the Bab el-Mandeb strait. The geopolitical flare-up is stoking f…
U.S. stocks opened lower as August PPI inflation met expectations at 0.4% M/M and geopolitical risks surged. The S&P 500 fell 0.6% following U.S. military strikes on five Iranian oil tankers, fueling…
Brent crude surged past $100 per barrel following US strikes on Iranian oil tankers amid escalating Middle East conflict. With tensions intensifying and retaliatory attacks spreading, fears of chroni…
Crude oil surged following renewed Middle East escalation, raising energy-led inflation concerns. J.P. Morgan noted that higher oil and gas prices keep expectations for further ECB policy tightening …